Stone House Investment Management LLC Raises Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Stone House Investment Management LLC increased its stake in Procter & Gamble Company by 38.6% during the first quarter, owning 208,898 shares valued at $35.6 million.
• Multiple institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, reported significant increases in their holdings in Procter & Gamble, reflecting a strong interest in the company's stock.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 per share, translating to an annualized yield of 2.7%. The dividend payout ratio stands at 64.98%.

Stone House Investment Management LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 38.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,898 shares of the company's stock after buying an additional 58,175 shares during the period. Procter & Gamble comprises about 7.2% of Stone House Investment Management LLC's investment portfolio, making the stock its 4th biggest position. Stone House Investment Management LLC's holdings in Procter & Gamble were worth $35,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares during the last quarter. Granite Investment Partners LLC grew its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Granite Investment Partners LLC now owns 12,764 shares of the company's stock valued at $2,140,000 after purchasing an additional 150 shares during the last quarter. Peninsula Wealth LLC grew its holdings in shares of Procter & Gamble by 21.2% during the 4th quarter. Peninsula Wealth LLC now owns 1,803 shares of the company's stock valued at $302,000 after purchasing an additional 315 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Mariner LLC now owns 2,704,481 shares of the company's stock valued at $453,394,000 after purchasing an additional 71,821 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial cut their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Bank of America cut their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Up 1.0%

NYSE:PG opened at $155.03 on Tuesday. The company has a 50-day moving average price of $158.01 and a 200-day moving average price of $163.60. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month 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 $363.13 billion, a price-to-earnings 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 posted its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping 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 analysts' expectations of $20.79 billion. During the same period last year, the company posted $1.40 EPS. The company's quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

About Procter & Gamble

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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