Plato Investment Management Ltd Invests $10.01 Million in Procter & Gamble Company (The) $PG

Key Points

• Plato Investment Management purchased 68,665 Procter & Gamble shares in the second quarter, valued at approximately $10.01 million. Institutional investors collectively own 65.77% of PG’s outstanding stock.
• Procter & Gamble’s latest quarterly earnings were slightly above expectations at $1.43 per share, while revenue rose 1.5% year over year to $21.20 billion but fell short of estimates.
• The company maintains a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $161.52.

Plato Investment Management Ltd purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 68,665 shares of the company's stock, valued at approximately $10,010,000.

Other institutional investors have also recently modified their holdings of the company. Cibc World Market Inc. lifted its stake in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock valued at $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors grew its position in Procter & Gamble by 15.9% during the fourth quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after buying an additional 14,492 shares during the period. Resources Management Corp CT ADV increased its holdings in Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock valued at $11,681,000 after buying an additional 24,010 shares in the last quarter. Indivisible Partners purchased a new position in Procter & Gamble in the fourth quarter valued at about $2,120,000. Finally, Rokos Capital Management LLP acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at approximately $29,914,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.77 on Friday. The company 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. The business has a fifty day simple moving average of $147.73 and a 200-day simple moving average of $148.69. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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 the consensus estimate of $21.38 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business 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 dividend payout ratio is presently 65.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Sanford C. Bernstein assumed coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 target price on the stock. BMO Capital Markets upped their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, June 29th. HSBC restated 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. Finally, UBS Group lifted their price target on Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source