Principle Wealth Partners LLC Acquires New Shares in Procter & Gamble Company (The) $PG

Key Points

• Principle Wealth Partners acquired 74,709 Procter & Gamble shares during the second quarter, valued at approximately $11.0 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.52, despite some recent target reductions.
• Procter & Gamble exceeded quarterly EPS expectations, reporting $1.43 versus the $1.41 estimate, while revenue rose 1.5% year over year to $21.20 billion. The company also paid a quarterly dividend of $1.0885, representing an annualized yield of about 3.0%.

Principle Wealth Partners LLC bought a new stake 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 and Exchange Commission (SEC). The fund bought 74,709 shares of the company's stock, valued at approximately $10,955,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. boosted its position in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after buying an additional 277 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after buying an additional 1,016 shares in the last quarter. Auxano Advisors LLC grew its stake in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after buying an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after buying an additional 809 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PG. Barclays increased their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Citigroup lowered their target price on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday. Sanford C. Bernstein assumed coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Thirteen 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Trading Up 1.3%

Shares of PG stock opened at $144.77 on Friday. The company 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. The stock has a 50 day simple moving average of $147.73 and a two-hundred day simple moving average of $148.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. Procter & Gamble'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. Research analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

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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