National Bank of Canada FI Acquires 269,433 Shares of Procter & Gamble Company (The) (NYSE:PG)

National Bank of Canada FI raised its position in Procter & Gamble Company (The) (NYSE:PG) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,241,099 shares of the company’s stock after buying an additional 269,433 shares during the period. National Bank of Canada FI’s holdings in Procter & Gamble were worth $381,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC increased its stake in shares of Procter & Gamble by 11.8% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 7,872 shares of the company’s stock worth $1,341,000 after purchasing an additional 830 shares during the last quarter. Caisse Des Depots ET Consignations boosted its holdings in Procter & Gamble by 8.0% in the 1st quarter. Caisse Des Depots ET Consignations now owns 60,254 shares of the company’s stock worth $10,268,000 after buying an additional 4,445 shares during the period. AlphaCore Capital LLC boosted its holdings in Procter & Gamble by 165.0% in the 1st quarter. AlphaCore Capital LLC now owns 12,225 shares of the company’s stock worth $2,083,000 after buying an additional 7,611 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Procter & Gamble by 6.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,929,978 shares of the company’s stock worth $1,521,847,000 after buying an additional 503,252 shares during the period. Finally, Y.D. More Investments Ltd boosted its holdings in Procter & Gamble by 6.5% in the 1st quarter. Y.D. More Investments Ltd now owns 14,408 shares of the company’s stock valued at $2,455,000 after purchasing an additional 885 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.4%

Shares of Procter & Gamble stock opened at $153.40 on Friday. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $359.32 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 4.03 and a beta of 0.37. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $158.59 and its 200 day moving average is $163.74.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PG shares. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Evercore ISI reiterated an “in-line” rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Seven 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’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average 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.