Watchman Group Inc. Has $372,000 Holdings in Procter & Gamble Company (The) $PG

Key Points

• Watchman Group Inc. reduced its holdings in Procter & Gamble by 87.2%, leaving it with only 2,183 shares valued at $372,000 after selling 14,836 shares in the first quarter.
• Procter & Gamble recently reported a quarterly EPS of $1.48, exceeding analyst estimates, with total revenue reaching $20.89 billion.
• The company announced a quarterly dividend of $1.0568 to be paid on August 15th, representing an annualized dividend yield of 2.7%.

Watchman Group Inc. trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 87.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,183 shares of the company's stock after selling 14,836 shares during the quarter. Watchman Group Inc.'s holdings in Procter & Gamble were worth $372,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares during the period. Goldman Sachs Group Inc. lifted its position in Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after purchasing an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Procter & Gamble by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the period. Finally, Invesco Ltd. lifted its position in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.4%

Shares of PG stock traded up $0.56 during trading on Friday, hitting $154.30. 7,120,993 shares of the company were exchanged, compared to its average volume of 7,395,259. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market capitalization of $361.43 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37. The business's 50-day simple moving average is $157.19 and its 200 day simple moving average is $163.24. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share 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 firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's payout ratio is currently 64.82%.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America dropped their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.94.

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.