OFI Invest Asset Management Has $64.47 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• OFI Invest Asset Management increased its Procter & Gamble position by 8% in the second quarter, ending with 439,651 shares valued at approximately $64.47 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble’s latest quarterly results exceeded expectations on earnings, with EPS of $1.43 versus the $1.41 consensus, while revenue rose 1.5% year over year to $21.20 billion but fell short of estimates.
• PG shares opened at $143.03, down 1.1%, while the company maintains a quarterly dividend of $1.0885, representing a 3.0% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $161.52.

OFI Invest Asset Management raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 439,651 shares of the company's stock after acquiring an additional 32,416 shares during the quarter. OFI Invest Asset Management's holdings in Procter & Gamble were worth $64,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cidel Asset Management Inc. increased its stake in shares of Procter & Gamble by 2.8% during the 2nd quarter. Cidel Asset Management Inc. now owns 95,112 shares of the company's stock worth $13,947,000 after purchasing an additional 2,587 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Procter & Gamble by 1.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 339,293 shares of the company's stock valued at $49,754,000 after purchasing an additional 3,272 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in Procter & Gamble by 0.3% during the second quarter. Laurel Wealth Advisors LLC now owns 46,728 shares of the company's stock worth $6,852,000 after purchasing an additional 131 shares during the period. Marion Wealth Management grew its holdings in Procter & Gamble by 6.5% during the second quarter. Marion Wealth Management now owns 14,602 shares of the company's stock worth $2,141,000 after purchasing an additional 894 shares during the period. Finally, Access Financial Services Inc. increased its position in Procter & Gamble by 4.0% during the second quarter. Access Financial Services Inc. now owns 11,232 shares of the company's stock worth $1,647,000 after buying an additional 435 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 1.1%

Procter & Gamble stock opened at $143.03 on Tuesday. The company's 50-day moving average price is $148.13 and its two-hundred day moving average price is $148.85. 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 cap of $332.46 billion, a P/E ratio of 21.61, a P/E/G ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors 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 annualized dividend and a yield of 3.0%. Procter & Gamble's payout ratio is 65.71%.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. TD Cowen upped their price objective on Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, April 27th. BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, April 23rd. Piper Sandler increased their price target on Procter & Gamble from $142.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Morgan Stanley cut their price target on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn reduced their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research report on Monday, April 27th. Thirteen equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

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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