Procter & Gamble Company (The) $PG Holdings Boosted by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Procter & Gamble stake by 4.3% in the second quarter, bringing its holdings to 793,728 shares valued at approximately $116.4 million. Institutional investors collectively own 65.77% of PG stock.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company paid a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 dividend and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.52.

Fort Washington Investment Advisors Inc. OH raised its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 793,728 shares of the company's stock after purchasing an additional 32,746 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Procter & Gamble were worth $116,392,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its holdings in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock worth $979,000 after purchasing an additional 1,016 shares in the last quarter. Auxano Advisors LLC boosted its holdings in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after purchasing an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. boosted its holdings in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after purchasing an additional 809 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.3%

Procter & Gamble stock opened at $143.57 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm's fifty day simple moving average is $148.03 and its 200-day simple moving average is $148.82. The company has a market capitalization of $333.72 billion, a P/E ratio of 21.69, a P/E/G ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period in the prior year, the company posted $1.48 earnings per share. Procter & Gamble's revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble's dividend payout ratio is currently 65.71%.

Analysts Set New Price Targets

Several research analysts have weighed in on PG shares. Piper Sandler upped their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, April 23rd. Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price target on the stock. Morgan Stanley cut their price objective on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. Finally, BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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