Iyo Bank Ltd. Raises Stake in Procter & Gamble Company (The) (NYSE:PG)

Iyo Bank Ltd. boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 85.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 52,430 shares of the company’s stock after purchasing an additional 24,210 shares during the period. Procter & Gamble comprises approximately 2.9% of Iyo Bank Ltd.’s investment portfolio, making the stock its 14th largest position. Iyo Bank Ltd.’s holdings in Procter & Gamble were worth $8,935,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cladis Investment Advisory LLC raised its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after acquiring an additional 236 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after acquiring an additional 549 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after acquiring an additional 4,562 shares during the last quarter. World Investment Advisors grew its stake in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after acquiring an additional 2,886 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after acquiring an additional 199,258 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PG. Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Wells Fargo & Company dropped their price objective on 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, UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.88.

Procter & Gamble Stock Up 1.0%

PG stock opened at $155.03 on Tuesday. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. 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 stock has a market cap of $363.13 billion, a P/E ratio of 23.81, a PEG ratio of 4.05 and a beta of 0.37. The business’s 50-day moving average price is $158.01 and its 200-day moving average price is $163.60.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the previous year, the firm earned $1.40 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Procter & Gamble 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.