Rayburn West Financial Services LLC Makes New $1.76 Million Investment in Procter & Gamble Company (The) $PG

Key Points

• Rayburn West Financial Services purchased 11,989 Procter & Gamble shares in the second quarter, representing a new investment valued at approximately $1.76 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble exceeded quarterly earnings expectations, reporting $1.43 EPS versus the $1.41 consensus estimate, while revenue rose 1.5% year over year to $21.20 billion, slightly below forecasts.
• PG recently paid a quarterly dividend of $1.0885, 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, above the reported $144.77 share price.

Rayburn West Financial Services LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,989 shares of the company's stock, valued at approximately $1,758,000.

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

Procter & Gamble Stock Up 0.1%

PG stock opened at $144.77 on Monday. The company has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm's fifty day simple moving average is $147.73 and its 200-day simple moving average is $148.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date 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 presently 65.71%.

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Barclays lifted their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Citigroup decreased their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Company 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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