Procter & Gamble Company (The) (NYSE:PG) Stock Holdings Cut by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC reduced its holdings in Procter & Gamble by 11.4% in the first quarter, owning 14,326 shares worth approximately $2.44 million after the sale.
• Various institutional investors have significantly altered their stakes, with Nuveen LLC acquiring a new stake valued at nearly $1.95 billion and GAMMA Investing LLC increasing its holdings by an impressive 20,758.5%.
• Procter & Gamble recently declared a quarterly dividend of $1.0568, which reflects a 2.7% dividend yield and a payout ratio of 64.98%.

Motley Fool Wealth Management LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,326 shares of the company's stock after selling 1,835 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Procter & Gamble were worth $2,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at $1,954,941,000. GAMMA Investing LLC lifted its holdings in shares of Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Procter & Gamble by 62.5% in the fourth 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 lifted its holdings in shares of Procter & Gamble by 10.1% in the fourth 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. Finally, Invesco Ltd. lifted its holdings in shares of Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Wells Fargo & Company reduced their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Up 1.0%

Procter & Gamble stock opened at $155.03 on Tuesday. 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 company has a market capitalization of $363.13 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company's fifty day moving average price is $158.01 and its two-hundred day moving average price is $163.60.

Procter & Gamble (NYSE:PG - Get Free Report) last posted 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 in the prior year, the business posted $1.40 earnings per share. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

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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