GSA Capital Partners LLP Buys New Holdings in Procter & Gamble Company (The) $PG

GSA Capital Partners LLP purchased a new position in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 30,047 shares of the company’s stock, valued at approximately $4,406,000. Procter & Gamble comprises approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 18th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Cibc World Market Inc. increased its holdings in Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares in the last quarter. World Investment Advisors grew its holdings in Procter & Gamble by 15.9% during the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in Procter & Gamble by 41.8% during the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock worth $11,681,000 after buying an additional 24,010 shares in the last quarter. Indivisible Partners purchased a new stake in Procter & Gamble in the 4th quarter valued at $2,120,000. Finally, Rokos Capital Management LLP bought a new position in Procter & Gamble during the 1st quarter valued at $29,914,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PG shares. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Citigroup dropped their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane cut their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Finally, Bank of America reduced their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.52.

Procter & Gamble Stock Up 0.7%

Procter & Gamble stock opened at $144.47 on Thursday. 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 current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm has a market capitalization of $335.82 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 4.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion for 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%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

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.