Allianz SE Buys 3,206 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Allianz SE increased its stake in Procter & Gamble by 3.0% to own 109,897 shares, valued at approximately $18.73 million.
• Procter & Gamble reported a quarterly EPS of $1.48, exceeding analysts' estimates, with revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.8%.

Allianz SE increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,897 shares of the company's stock after acquiring an additional 3,206 shares during the period. Allianz SE's holdings in Procter & Gamble were worth $18,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. 10Elms LLP bought a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Sunbeam Capital Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PG shares. Bank of America reduced their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Up 0.4%

NYSE:PG traded up $0.54 on Tuesday, reaching $151.30. 1,762,584 shares of the stock traded hands, compared to its average volume of 8,218,519. The company has a market capitalization of $354.74 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 3.98 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company's fifty day simple moving average is $159.52 and its 200 day simple moving average is $163.97.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

Procter & Gamble Company Profile

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.