Trivium Point Advisory LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,202 shares of the company's stock, valued at approximately $1,936,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the 4th 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 last quarter. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $26,000. Finally, Basso Capital Management L.P. bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $28,000. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Stock Performance
NYSE:PG opened at $144.77 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a fifty day moving average of $147.73 and a 200-day moving average of $148.69. The firm has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39.
Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company's quarterly 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. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble's dividend payout ratio is currently 65.71%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PG. Bank of America decreased their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Piper Sandler boosted their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. 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, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $161.52.
Read Our Latest Stock Analysis on PG
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.
Further Reading
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