Banco Santander S.A. Has $29.91 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Banco Santander S.A. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 17.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 175,494 shares of the company’s stock after buying an additional 26,264 shares during the period. Banco Santander S.A.’s holdings in Procter & Gamble were worth $29,908,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the 4th quarter worth $31,000. 10Elms LLP bought a new position in Procter & Gamble in the 4th quarter worth $34,000. Mizuho Securities Co. Ltd. boosted its holdings in Procter & Gamble by 566.7% in the 1st 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 bought a new stake in Procter & Gamble in the 4th quarter valued at $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $150.65 on Friday. The firm has a market cap of $353.20 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37. The stock’s 50-day moving average is $159.83 and its 200-day moving average is $163.99. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced 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. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. Procter & Gamble’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders 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 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Truist Financial lowered their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Seven equities research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $175.88.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

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.