OneDigital Investment Advisors LLC Makes New Investment in Procter & Gamble Company (The) $PG

Key Points

• OneDigital Investment Advisors purchased 151,464 Procter & Gamble shares worth approximately $22.2 million in the second quarter. Institutional investors collectively own 65.77% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 11 Holds producing a “Moderate Buy” consensus and an average price target of $161.52, although several firms recently lowered their targets.
• Procter & Gamble slightly exceeded quarterly EPS estimates at $1.43 but missed revenue expectations, while reporting 1.5% year-over-year revenue growth. The company pays an annualized dividend of $4.35, yielding about 3.0%.

OneDigital Investment Advisors LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 151,464 shares of the company's stock, valued at approximately $22,211,000.

Other large investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC grew its position in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $26,000. Finally, Basso Capital Management L.P. bought a new position in shares of Procter & Gamble in the fourth quarter valued at $28,000. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Bank of America reduced their target price on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a report on Friday, July 10th. HSBC reiterated a "hold" rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Evercore set a $162.00 price objective on Procter & Gamble in a report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Performance

Shares of PG stock opened at $144.77 on Friday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock's 50-day moving average is $147.73 and its two-hundred day moving average is $148.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market cap of $336.51 billion, a P/E ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39.

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

Procter & Gamble Announces Dividend

The firm also recently announced 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 payout ratio is 65.71%.

Procter & Gamble Company Profile

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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