LPL Financial LLC Grows Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• LPL Financial LLC increased its stake in Procter & Gamble by 7.9%, holding approximately 3.55 million shares, valued at around $604.9 million at the end of the quarter.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, resulting in an annual yield of 2.67% for shareholders recorded by July 18th.
• Analysts have given Procter & Gamble an average rating of "Moderate Buy", with a consensus target price of $176.12, reflecting mixed sentiments regarding the stock's future performance.

LPL Financial LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,549,612 shares of the company's stock after acquiring an additional 258,452 shares during the quarter. LPL Financial LLC owned 0.15% of Procter & Gamble worth $604,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. GAMMA Investing LLC grew its stake in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after buying an additional 7,913,335 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Procter & Gamble by 1,709.5% in the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after purchasing an additional 1,895,421 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.0%

NYSE PG traded down $1.51 during mid-day trading on Thursday, hitting $151.37. The company's stock had a trading volume of 5,866,310 shares, compared to its average volume of 8,222,799. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $354.90 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 4.47 and a beta of 0.40. The company's 50 day simple moving average is $160.43 and its 200 day simple moving average is $164.11. Procter & Gamble Company has a twelve month low of $150.16 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data 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. 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 32.56%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders 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 dividend yield of 2.79%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is 67.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

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.