Northwest & Ethical Investments L.P. Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Procter & Gamble by 12.7%, owning 168,332 shares valued at approximately $28.7 million.
• Procter & Gamble recently reported earnings of $1.48 per share, exceeding analyst expectations, and saw a 1.7% year-over-year increase in revenue.
• The company announced a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.7%.

Northwest & Ethical Investments L.P. boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,332 shares of the company's stock after buying an additional 18,904 shares during the quarter. Procter & Gamble makes up about 0.8% of Northwest & Ethical Investments L.P.'s holdings, making the stock its 29th biggest position. Northwest & Ethical Investments L.P.'s holdings in Procter & Gamble were worth $28,686,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Procter & Gamble by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Procter & Gamble by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after buying an additional 208,991 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after buying an additional 2,224,912 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.4%

Shares of NYSE:PG opened at $154.30 on Friday. The firm has a market capitalization of $361.43 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37. The firm has a fifty day moving average of $157.19 and a two-hundred day moving average of $163.27. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's payout ratio is presently 64.98%.

Analyst Ratings Changes

Several brokerages have recently commented on PG. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Raymond James Financial reduced their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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