Rathbones Group PLC Raises Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Rathbones Group PLC increased its holdings in Procter & Gamble by 10.5% during the first quarter, owning approximately $229.98 million worth of shares as of its latest SEC filing.
• Several institutional investors, including Northern Trust Corp and Goldman Sachs Group Inc., have raised their stakes in Procter & Gamble, reflecting a strong interest in the company among major investors.
• Procter & Gamble reported $1.48 earnings per share for the last quarter, exceeding expectations, and announced a quarterly dividend of $1.0568 per share to be paid to stockholders on August 15th.

Rathbones Group PLC lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,349,484 shares of the company's stock after purchasing an additional 128,355 shares during the period. Procter & Gamble comprises about 1.1% of Rathbones Group PLC's investment portfolio, making the stock its 22nd biggest position. Rathbones Group PLC owned 0.06% of Procter & Gamble worth $229,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Westpac Banking Corp increased its position in shares of Procter & Gamble by 174.3% in the first quarter. Westpac Banking Corp now owns 71,975 shares of the company's stock valued at $12,266,000 after acquiring an additional 45,734 shares during the period. Iyo Bank Ltd. increased its position in shares of Procter & Gamble by 85.8% in the first quarter. Iyo Bank Ltd. now owns 52,430 shares of the company's stock valued at $8,935,000 after acquiring an additional 24,210 shares during the period. Finer Wealth Management Inc. increased its position in shares of Procter & Gamble by 1.3% in the first quarter. Finer Wealth Management Inc. now owns 24,256 shares of the company's stock valued at $4,134,000 after acquiring an additional 312 shares during the period. Stone House Investment Management LLC increased its position in shares of Procter & Gamble by 38.6% in the first quarter. Stone House Investment Management LLC now owns 208,898 shares of the company's stock valued at $35,600,000 after acquiring an additional 58,175 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Procter & Gamble by 1.2% in the first quarter. HighTower Advisors LLC now owns 2,540,275 shares of the company's stock valued at $432,914,000 after acquiring an additional 29,229 shares during the period. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PG shares. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.56 during midday trading on Friday, reaching $154.30. The stock had a trading volume of 7,112,465 shares, compared to its average volume of 8,172,612. The stock has a 50-day moving average of $157.38 and a 200-day moving average of $163.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market capitalization of $361.43 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 4.10 and a beta of 0.37. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 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.