Simplicity Wealth LLC Makes New Investment in Procter & Gamble Company (The) $PG

Key Points

• Simplicity Wealth LLC purchased 64,292 Procter & Gamble shares in the second quarter, worth approximately $9.43 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble exceeded quarterly EPS expectations, reporting $1.43 versus the $1.41 consensus estimate, while revenue rose 1.5% year over year to $21.20 billion.
• The company pays a quarterly dividend of $1.0885 per share, representing an annualized $4.35 payout and a 3.0% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $161.52.

Simplicity Wealth LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 64,292 shares of the company's stock, valued at approximately $9,428,000.

Other hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC increased its holdings in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. increased its holdings in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the period. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 1.3%

NYSE:PG opened at $144.77 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The firm has a 50 day moving average of $147.73 and a 200 day moving average of $148.69. 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 stock has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. UBS Group raised their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $161.52.

About Procter & Gamble

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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