S&CO Inc. Acquires New Holdings in Procter & Gamble Company (The) $PG

Key Points

• S&CO Inc. acquired 20,418 shares of Procter & Gamble in the second quarter, valued at approximately $2.99 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.52; ratings include 13 Buys and 11 Holds.
• Procter & Gamble reported quarterly EPS of $1.43, slightly above estimates, while revenue rose 1.5% year over year to $21.20 billion. The company also pays an annualized dividend of $4.35 per share, yielding about 3.0%.

S&CO Inc. bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,418 shares of the company's stock, valued at approximately $2,994,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Cardano Risk Management B.V. lifted its holdings in shares of Procter & Gamble by 1,104.8% during the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock valued at $1,364,518,000 after purchasing an additional 8,731,126 shares in the last quarter. Auto Owners Insurance Co grew its position in shares of Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company's stock valued at $508,700,000 after purchasing an additional 3,524,876 shares during the period. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the period. Finally, Amundi increased its stake in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company's stock worth $1,606,748,000 after purchasing an additional 2,222,560 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. TD Cowen increased their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Finally, HSBC reaffirmed a "hold" rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Price Performance

NYSE PG opened at $143.00 on Friday. The firm's 50 day moving average is $147.83 and its 200-day moving average is $148.72. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $332.39 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.45 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.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio is 65.71%.

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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