Russell Investments Group Ltd. Acquires 286,595 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Russell Investments Group Ltd. increased its stake in Procter & Gamble by 15.4% during Q1, owning a total of 2,153,491 shares worth approximately $366.6 million.
• Procter & Gamble's recent earnings beat expectations with a reported $1.48 earnings per share, higher than the consensus estimate of $1.42, showcasing a year-over-year revenue increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share to be paid on August 15th, reflecting a dividend yield of 2.7% and a payout ratio of 64.98%.

Russell Investments Group Ltd. raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,153,491 shares of the company's stock after buying an additional 286,595 shares during the quarter. Procter & Gamble accounts for approximately 0.5% of Russell Investments Group Ltd.'s holdings, making the stock its 21st biggest holding. Russell Investments Group Ltd. owned approximately 0.09% of Procter & Gamble worth $366,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Unique Wealth LLC grew its holdings in Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after acquiring an additional 61 shares during the last quarter. Stableford Capital II LLC grew its holdings in Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after acquiring an additional 61 shares during the last quarter. Bernard Wealth Management Corp. grew its holdings in Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after acquiring an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management grew its holdings in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC grew its holdings in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James Financial cut their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Citigroup cut their target price 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. Finally, Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Price Performance

NYSE:PG opened at $155.03 on Tuesday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $158.01 and a 200 day simple moving average of $163.60. The stock has a market capitalization of $363.13 billion, a PE ratio of 23.81, a P/E/G ratio of 4.05 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the business earned $1.40 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given 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 of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is presently 64.98%.

Procter & Gamble 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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