Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Banco Santander S.A.

Key Points

• Banco Santander S.A. increased its stake in Procter & Gamble by 17.6%, acquiring an additional 26,264 shares, bringing its total holdings to 175,494 shares valued at approximately $29.9 million.
• Procter & Gamble reported $1.48 EPS for the last quarter, exceeding analysts' estimates and marking a 1.7% increase in revenue year-over-year with total revenue of $20.89 billion.
• The company recently announced a quarterly dividend of $1.0568 per share, with a dividend yield of 2.8%, indicating a 67.14% payout ratio.

Banco Santander S.A. boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,494 shares of the company's stock after acquiring an additional 26,264 shares during the quarter. Banco Santander S.A.'s holdings in Procter & Gamble were worth $29,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake 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 valued at $34,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

NYSE:PG opened at $150.65 on Friday. The business's 50-day moving average price is $159.83 and its 200 day moving average price is $163.99. The firm has a market cap of $353.20 billion, a P/E ratio of 23.14, a PEG ratio of 3.96 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PG shares. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Bank of America cut their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Finally, Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

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.

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