Northstar Group Inc. Purchases New Holdings in Procter & Gamble Company (The) $PG

Northstar Group Inc. acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, HoldingsChannel reports. The fund acquired 13,093 shares of the company’s stock, valued at approximately $1,920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $26,000. Park Square Financial Group LLC grew its holdings in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Evolution Wealth Management Inc. increased its position in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the last quarter. Finally, Basso Capital Management L.P. acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.47 on Thursday. The company has a market cap of $335.82 billion, a PE ratio of 21.82, a P/E/G ratio of 4.42 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The firm has a 50-day simple moving average of $147.94 and a 200 day simple moving average of $148.78. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target on the stock. Piper Sandler boosted their price objective on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. BMO Capital Markets upped their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, HSBC reiterated a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.52.

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.