N.E.W. Advisory Services LLC Takes $14 Million Position in Procter & Gamble Company (The) $PG

N.E.W. Advisory Services LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 95,468 shares of the company’s stock, valued at approximately $13,999,000. Procter & Gamble accounts for about 0.9% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC grew its position in Procter & Gamble by 65.1% during the fourth 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 during the period. Evolution Wealth Management Inc. boosted its holdings in 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 buying an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at about $26,000. Finally, Basso Capital Management L.P. acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.77 on Friday. The stock has a 50 day moving average of $147.73 and a 200-day moving average of $148.69. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The stock has a market cap of $336.51 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 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 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. TD Cowen boosted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Barclays increased their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.