Procter & Gamble Company (The) $PG Shares Acquired by Credit Agricole S A

Key Points

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Credit Agricole S A increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 36.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,630,819 shares of the company's stock after buying an additional 434,050 shares during the period. Procter & Gamble comprises approximately 0.9% of Credit Agricole S A's holdings, making the stock its 12th biggest position. Credit Agricole S A owned 0.07% of Procter & Gamble worth $277,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. JT Stratford LLC boosted its holdings in shares of Procter & Gamble by 317.3% in the 1st quarter. JT Stratford LLC now owns 13,622 shares of the company's stock valued at $2,321,000 after buying an additional 10,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Procter & Gamble by 16.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 720,479 shares of the company's stock valued at $122,784,000 after buying an additional 101,834 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of Procter & Gamble by 12.3% in the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 22,453 shares of the company's stock valued at $3,826,000 after buying an additional 2,460 shares during the period. Andina Capital Management LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at about $288,000. Finally, Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Procter & Gamble by 27.1% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 10,206 shares of the company's stock valued at $1,739,000 after buying an additional 2,174 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.9%

PG stock opened at $155.68 on Tuesday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The company has a market capitalization of $364.66 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37. The firm's 50-day moving average is $157.05 and its two-hundred day moving average is $163.17. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm earned $1.40 EPS. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of analyst reports. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. 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. Finally, Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

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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