Pacific Sage Partners LLC Buys New Shares in Procter & Gamble Company (The) $PG

Pacific Sage Partners LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,754 shares of the company’s stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $4,664,783,000. Cardano Risk Management B.V. raised its position in Procter & Gamble by 1,104.8% during the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. Auto Owners Insurance Co lifted its stake in Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after buying an additional 3,524,876 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. Finally, Amundi boosted its stake in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after purchasing an additional 2,222,560 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.7%

Procter & Gamble stock opened at $144.47 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. 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 50-day simple moving average of $147.94 and a 200-day simple moving average of $148.78. The company has a market capitalization of $335.82 billion, a P/E ratio of 21.82, a PEG ratio of 4.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PG. Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. BMO Capital Markets upped their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Barclays lifted their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. 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. Finally, Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average 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.