Procter & Gamble Company (The) (NYSE:PG) is Knuff & Co LLC's 2nd Largest Position

Key Points

• Procter & Gamble Company (NYSE:PG) is the second largest holding of Knuff & Co LLC, which recently reduced its stake by 2.2% to 134,092 shares, representing approximately 7.7% of the firm's total holdings.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average price target of $175.94, reflecting a recent downward adjustment in expectations by several equity research firms.
• Procter & Gamble reported an earnings per share (EPS) of $1.48 for the last quarter, surpassing estimates, and also announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.7%.

Knuff & Co LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 134,092 shares of the company's stock after selling 3,078 shares during the period. Procter & Gamble comprises approximately 7.7% of Knuff & Co LLC's holdings, making the stock its 2nd biggest holding. Knuff & Co LLC's holdings in Procter & Gamble were worth $22,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Raymond James Financial Inc. lifted its holdings in shares of Procter & Gamble by 4.2% during the 1st quarter. Raymond James Financial Inc. now owns 6,283,992 shares of the company's stock valued at $1,070,918,000 after acquiring an additional 255,449 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of Procter & Gamble in the 1st quarter worth about $93,243,000. Schneider Downs Wealth Management Advisors LP increased its position in shares of Procter & Gamble by 7.1% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 1,650 shares of the company's stock worth $281,000 after purchasing an additional 110 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its position in shares of Procter & Gamble by 6.4% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 5,784 shares of the company's stock valued at $986,000 after buying an additional 346 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC grew its position in shares of Procter & Gamble by 3.4% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 44,778 shares of the company's stock valued at $7,631,000 after buying an additional 1,485 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PG shares. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Stock Up 0.4%

Procter & Gamble stock opened at $154.30 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a market capitalization of $361.43 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.06 and a beta of 0.37. The company's 50 day simple moving average is $157.19 and its 200 day simple moving average is $163.29. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is presently 64.98%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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