Personal Capital Advisors Corp boosted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 758,866 shares of the company’s stock after purchasing an additional 40,271 shares during the period. Personal Capital Advisors Corp’s holdings in Procter & Gamble were worth $115,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in PG. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.1% during the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock worth $33,236,946,000 after acquiring an additional 2,394,234 shares during the period. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.2% during the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after acquiring an additional 1,785,863 shares during the period. State Street Corp increased its position in shares of Procter & Gamble by 1.7% during the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after acquiring an additional 1,716,517 shares during the period. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after acquiring an additional 972,826 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Procter & Gamble by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock worth $3,627,510,000 after acquiring an additional 983,197 shares during the period. Institutional investors own 63.45% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on PG. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Truist Financial cut their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.93.
Insider Transactions at Procter & Gamble
Procter & Gamble Price Performance
NYSE PG opened at $139.96 on Friday. The firm’s fifty day simple moving average is $143.95 and its two-hundred day simple moving average is $148.24. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. The firm has a market capitalization of $333.87 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.81 and a beta of 0.35.
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.
Procter & Gamble Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were paid a dividend of $0.913 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.61%. Procter & Gamble’s payout ratio is currently 62.82%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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