Perigon Wealth Management LLC Purchases New Holdings in Procter & Gamble Company (The) $PG

Perigon Wealth Management LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 74,029 shares of the company’s stock, valued at approximately $10,856,000.

Several other large investors have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new position in Procter & Gamble in the 2nd quarter valued at $116,596,000. Oak Barrel Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $211,000. Phillips Wealth Planners LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $1,053,000. Rice Hall James & Associates LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at $305,000. Finally, Trust Co. of Vermont bought a new position in Procter & Gamble in the second quarter valued at about $24,623,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $144.77 on Friday. The stock has a market cap of $336.51 billion, a P/E ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $147.73 and a 200 day simple moving average of $148.69.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s payout ratio is 65.71%.

Analyst Ratings Changes

A number of brokerages recently commented on PG. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. BMO Capital Markets boosted their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Sanford C. Bernstein began coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. Finally, UBS Group increased their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble 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.