Swiss National Bank Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Swiss National Bank increased its holdings in Procter & Gamble by 0.1% to 6,642,390 shares, making up 0.8% of its portfolio, which is valued at over $1.13 billion.
• Procter & Gamble reported Q1 earnings of $1.48 per share, surpassing estimates, with revenue of $20.89 billion, reflecting a year-over-year increase of 1.7%.
• The company declared a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.8%, with a payout ratio of approximately 64.98%.

Swiss National Bank boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,642,390 shares of the company's stock after buying an additional 4,500 shares during the period. Procter & Gamble accounts for approximately 0.8% of Swiss National Bank's holdings, making the stock its 17th biggest position. Swiss National Bank owned about 0.28% of Procter & Gamble worth $1,131,996,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Navigoe LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. 10Elms LLP bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Sunbeam Capital Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its position in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Raymond James Financial cut their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Seven equities research 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's stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Stock Performance

PG stock traded up $0.06 during midday trading on Friday, hitting $153.55. 5,810,954 shares of the stock traded hands, compared to its average volume of 8,068,523. The firm has a market cap of $359.67 billion, a P/E ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock's fifty day simple moving average is $158.26 and its 200-day simple moving average is $163.68. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the business earned $1.40 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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