Performance Wealth Partners LLC Acquires Shares of 8,295 Procter & Gamble Company (The) $PG

Key Points

• Performance Wealth Partners LLC initiated a position in Procter & Gamble by purchasing 8,295 shares valued at approximately $1.22 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company paid a quarterly dividend of $1.0885 per share, representing a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.52.

Performance Wealth Partners LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,295 shares of the company's stock, valued at approximately $1,216,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares during the period. State Street Corp boosted its holdings in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after purchasing an additional 984,102 shares during the period. Geode Capital Management LLC grew its stake in Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after purchasing an additional 1,974,556 shares in the last quarter. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its position in Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 1.3%

Shares of NYSE:PG opened at $144.77 on Friday. The company has a market capitalization of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The business's fifty day simple moving average is $147.73 and its 200-day simple moving average is $148.69.

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 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 firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period in the prior year, the business posted $1.48 EPS. The firm's quarterly 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, equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is presently 65.71%.

Analyst Ratings Changes

PG has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Sanford C. Bernstein assumed coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price objective for the company. Barclays upped their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, TD Cowen boosted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a report on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

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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