Silverlake Wealth Management LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,709 shares of the company's stock, valued at approximately $5,530,000. Procter & Gamble accounts for approximately 1.0% of Silverlake Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cibc World Market Inc. lifted its position in Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock valued at $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors increased its position in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after purchasing an additional 14,492 shares during the period. Resources Management Corp CT ADV increased its position in Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after purchasing an additional 24,010 shares during the period. Indivisible Partners purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $2,120,000. Finally, Rokos Capital Management LLP acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $29,914,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
NYSE PG opened at $143.00 on Friday. The business has a 50 day moving average price of $147.83 and a 200 day moving average price of $148.72. The company has a market capitalization of $332.39 billion, a P/E ratio of 21.60, a PEG ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. 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 posted its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the business earned $1.48 earnings per share. Procter & Gamble's quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is presently 65.71%.
Analysts Set New Price Targets
PG has been the topic of a number of analyst reports. Argus downgraded Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Bank of America decreased their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. HSBC reiterated a "hold" rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Finally, Barclays raised their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.52.
Check Out Our Latest Stock Analysis on Procter & Gamble
About Procter & Gamble
(
Free Report)
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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