Ranch Capital Advisors Inc. Lowers Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Ranch Capital Advisors Inc. reduced its stake in Procter & Gamble by 35.1%, selling 14,425 shares, leaving them with 26,649 shares, which represent approximately 2.2% of their total holdings.
• Procter & Gamble reported earnings of $1.48 per share for the last quarter, surpassing analyst expectations, with a revenue of $20.89 billion, a 1.7% increase year-over-year.
• The company announced a quarterly dividend of $1.0568, with an annual yield of 2.8%, scheduled for payment on August 15th, following the ex-dividend date of July 18th.

Ranch Capital Advisors Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 35.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,649 shares of the company's stock after selling 14,425 shares during the period. Procter & Gamble comprises approximately 2.2% of Ranch Capital Advisors Inc.'s investment portfolio, making the stock its 9th biggest position. Ranch Capital Advisors Inc.'s holdings in Procter & Gamble were worth $4,541,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Northern Trust Corp grew its position 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 buying an additional 2,703,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Procter & Gamble by 15.8% in the fourth 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 acquiring an additional 2,224,912 shares during the last quarter. Invesco Ltd. increased its position in Procter & Gamble by 13.6% during the 4th quarter. Invesco Ltd. now owns 11,265,453 shares of the company's stock valued at $1,888,653,000 after purchasing an additional 1,345,501 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Procter & Gamble by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock worth $1,628,252,000 after purchasing an additional 267,534 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Procter & Gamble by 20,758.5% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Citigroup cut their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Seven equities 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble Stock Up 0.0%

PG traded up $0.06 on Friday, hitting $153.55. The company had a trading volume of 5,810,954 shares, compared to its average volume of 8,221,504. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The stock has a fifty day simple moving average of $158.59 and a 200-day simple moving average of $163.74. 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 firm has a market capitalization of $359.67 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.03 and a beta of 0.37.

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 for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.40 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

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.