KCM Investment Advisors LLC Has $25.32 Million Stock Position in Procter & Gamble Company (The) $PG

KCM Investment Advisors LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 175,289 shares of the company’s stock after selling 7,183 shares during the quarter. KCM Investment Advisors LLC’s holdings in Procter & Gamble were worth $25,319,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Park Square Financial Group LLC increased its position in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $26,000. Finally, Maseco LLP bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent research reports. Piper Sandler boosted their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Bank of America decreased their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. UBS Group lifted their target price on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Raymond James Financial cut their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Finally, Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.74.

Procter & Gamble Stock Up 0.8%

PG stock opened at $148.66 on Tuesday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a fifty day moving average of $147.46 and a 200-day moving average of $148.82. The company has a market capitalization of $346.17 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 7.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.54 earnings per share. As a group, equities research analysts predict that Procter & Gamble Company will post 6.88 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is 63.60%.

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.