Vanguard Group Inc. Buys 228,099 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Vanguard Group Inc. increased its stake in Procter & Gamble by 0.1%, now owning over 230 million shares valued at approximately $39.2 billion, making it the fund's 18th largest position.
• Procter & Gamble's latest earnings report indicated an EPS of $1.48, exceeding estimates, alongside a net margin of 18.95% and revenue of $20.89 billion.
• The company declared a quarterly dividend of $1.0568 per share, which reflects an annualized yield of 2.8%. The upcoming payment is scheduled for August 15th.

Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,022,172 shares of the company's stock after purchasing an additional 228,099 shares during the quarter. Procter & Gamble accounts for approximately 0.7% of Vanguard Group Inc.'s portfolio, making the stock its 18th largest position. Vanguard Group Inc. owned about 9.81% of Procter & Gamble worth $39,200,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Mizuho Securities Co. Ltd. boosted its stake in shares of 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 purchasing an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.0%

PG traded up $0.06 during trading on Friday, reaching $153.55. The stock had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. The stock's 50 day moving average is $158.26 and its two-hundred day moving average is $163.68. 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 company has a market capitalization of $359.67 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio is 64.98%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PG. Wells Fargo & Company dropped their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial dropped their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Evercore ISI reissued an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Company Profile

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.