Capital Market Strategies LLC raised its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,657 shares of the company’s stock after acquiring an additional 659 shares during the quarter. Capital Market Strategies LLC’s holdings in Procter & Gamble were worth $526,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. PrairieView Partners LLC grew its holdings in shares of Procter & Gamble by 5.8% during the first quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after buying an additional 63 shares in the last quarter. Apeiron RIA LLC grew its holdings in shares of Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after purchasing an additional 64 shares during the period. Ambassador Advisors LLC grew its holdings in shares of Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after purchasing an additional 65 shares during the period. Perennial Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock valued at $900,000 after purchasing an additional 65 shares during the period. Finally, Tranquility Partners LLC grew its holdings in shares of Procter & Gamble by 3.9% in the first quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock valued at $268,000 after purchasing an additional 66 shares during the period. 63.45% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Barclays dropped their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a report on Monday, June 20th. Finally, Truist Financial decreased their target price on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.93.
Insider Activity at Procter & Gamble
Procter & Gamble Stock Up 0.6 %
Shares of PG opened at $138.28 on Monday. The stock has a market capitalization of $329.87 billion, a PE ratio of 23.80, a P/E/G ratio of 3.55 and a beta of 0.35. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The company’s 50-day simple moving average is $143.26 and its 200-day simple moving average is $147.63.
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. Analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.
Procter & Gamble Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.64%. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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