Procter & Gamble Company (The) (NYSE:PG) Holdings Cut by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,991 shares of the company’s stock after selling 8,856 shares during the period. Cresset Asset Management LLC’s holdings in Procter & Gamble were worth $34,253,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Navigoe LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. 10Elms LLP bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. raised its holdings in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.4%

Procter & Gamble stock opened at $154.30 on Friday. 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 cap of $361.43 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm’s 50 day moving average price is $157.19 and its two-hundred day moving average price is $163.29.

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, topping 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 analysts’ expectations of $20.79 billion. During the same period in the previous year, the company posted $1.40 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PG shares. Barclays set a $164.00 price target on Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Piper Sandler boosted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Raymond James Financial dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Evercore ISI reissued an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. 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 stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $175.94.

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.