Perigon Wealth Management LLC Purchases New Holdings in Procter & Gamble Company (The) $PG

Key Points

• Perigon Wealth Management acquired 74,029 shares of Procter & Gamble during the second quarter, valued at approximately $10.9 million. Several other institutional investors also initiated positions, while institutions and hedge funds collectively own 65.77% of PG.
• Procter & Gamble reported quarterly earnings of $1.43 per share, beating estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company pays a quarterly dividend of $1.0885 per share, equal to a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.52, compared with the stock’s recent price of $144.77.

Perigon Wealth Management LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 74,029 shares of the company's stock, valued at approximately $10,856,000.

Several other large investors have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new position in Procter & Gamble in the 2nd quarter valued at $116,596,000. Oak Barrel Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $211,000. Phillips Wealth Planners LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $1,053,000. Rice Hall James & Associates LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at $305,000. Finally, Trust Co. of Vermont bought a new position in Procter & Gamble in the second quarter valued at about $24,623,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG opened at $144.77 on Friday. The stock has a market cap of $336.51 billion, a P/E ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. 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 company has a fifty day simple moving average of $147.73 and a 200 day simple moving average of $148.69.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company's revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued 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 was Friday, July 24th. Procter & Gamble's payout ratio is 65.71%.

Analyst Ratings Changes

A number of brokerages recently commented on PG. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Argus cut Procter & Gamble from a "buy" rating to a "hold" rating in a report on Friday, August 7th. BMO Capital Markets boosted their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Sanford C. Bernstein began coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price target for the company. Finally, UBS Group increased their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble 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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