Procter & Gamble Company (The) $PG Shares Sold by CX Institutional

CX Institutional lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 10.1% during the second quarter, HoldingsChannel.com reports. The fund owned 59,588 shares of the company’s stock after selling 6,686 shares during the period. CX Institutional’s holdings in Procter & Gamble were worth $8,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in PG. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $4,664,783,000. Cardano Risk Management B.V. grew its stake in Procter & Gamble by 1,104.8% during the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after buying an additional 8,731,126 shares during the last quarter. Auto Owners Insurance Co increased its position in Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after buying an additional 3,524,876 shares during the period. Vanguard Group Inc. increased its position in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after buying an additional 2,829,151 shares during the period. Finally, Amundi lifted its stake in Procter & Gamble by 26.3% in the third quarter. Amundi now owns 10,682,455 shares of the company’s stock valued at $1,606,748,000 after buying an additional 2,222,560 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PG. Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. UBS Group boosted their price objective on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. HSBC reissued a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research note on Thursday. Finally, Jefferies Financial Group upped their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.52.

Procter & Gamble Stock Performance

Shares of PG opened at $144.85 on Tuesday. The firm’s 50 day moving average is $147.72 and its 200-day moving average is $148.96. The stock has a market capitalization of $337.31 billion, a P/E ratio of 21.88, a P/E/G ratio of 4.44 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.25%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be paid a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.71%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.