Occidental Asset Management LLC Takes Position in Procter & Gamble Company (The) $PG

Occidental Asset Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,350 shares of the company's stock, valued at approximately $1,224,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock worth $493,000 after acquiring an additional 277 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock worth $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC increased its holdings in Procter & Gamble by 10.8% in the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after purchasing an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock valued at $4,809,000 after purchasing an additional 809 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Rothschild & Co Redburn dropped their price objective on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research note on Monday, April 27th. UBS Group boosted their price objective on Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a report on Monday, April 27th. HSBC reissued a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Trading Up 1.3%

NYSE PG opened at $144.77 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The firm has a 50 day moving average of $147.73 and a two-hundred day moving average of $148.69. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $336.51 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company's revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is currently 65.71%.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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