Savvy Advisors Inc. Has $14.21 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Savvy Advisors Inc. increased its holdings in Procter & Gamble (NYSE: PG) by 14.5% in the first quarter, owning a total of 83,364 shares valued at approximately $14.21 million.
• Procter & Gamble's recent earnings report showed an EPS of $1.48, surpassing estimates and indicating a 1.7% year-over-year revenue increase to $20.89 billion.
• The company announced a quarterly dividend of $1.0568, offering an annualized basis of $4.23 and a dividend yield of 2.8%, with a payout ratio of 64.98%.

Savvy Advisors Inc. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,364 shares of the company's stock after purchasing an additional 10,565 shares during the period. Procter & Gamble comprises 1.4% of Savvy Advisors Inc.'s holdings, making the stock its 12th largest position. Savvy Advisors Inc.'s holdings in Procter & Gamble were worth $14,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Procter & Gamble by 13.7% in the first quarter. National Bank of Canada FI now owns 2,241,099 shares of the company's stock worth $381,920,000 after purchasing an additional 269,433 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its position in Procter & Gamble by 11.8% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 7,872 shares of the company's stock worth $1,341,000 after buying an additional 830 shares in the last quarter. Caisse Des Depots ET Consignations boosted its stake in shares of Procter & Gamble by 8.0% during the 1st quarter. Caisse Des Depots ET Consignations now owns 60,254 shares of the company's stock worth $10,268,000 after buying an additional 4,445 shares during the last quarter. AlphaCore Capital LLC grew its holdings in shares of Procter & Gamble by 165.0% in the 1st quarter. AlphaCore Capital LLC now owns 12,225 shares of the company's stock valued at $2,083,000 after acquiring an additional 7,611 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Procter & Gamble by 6.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,929,978 shares of the company's stock valued at $1,521,847,000 after acquiring an additional 503,252 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic cut 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. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Truist Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Bank of America lowered their price target on 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 investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $153.40 on Friday. 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 stock has a market cap of $359.32 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 4.03 and a beta of 0.37. The stock's fifty day simple moving average is $158.59 and its two-hundred day simple moving average is $163.74.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS 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 firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the business posted $1.40 EPS. The company's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 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.

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