OMC Financial Services LTD Acquires New Position in Procter & Gamble Company (The) $PG

OMC Financial Services LTD bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,364 shares of the company’s stock, valued at approximately $787,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cibc World Market Inc. grew its position in shares of 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 buying an additional 147,701 shares during the period. World Investment Advisors raised its position in shares of Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after acquiring an additional 14,492 shares during the period. Resources Management Corp CT ADV raised its position in shares of Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares during the period. Indivisible Partners bought a new position in Procter & Gamble during the 4th quarter worth approximately $2,120,000. Finally, Rokos Capital Management LLP acquired a new position in Procter & Gamble during the first quarter valued at approximately $29,914,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PG. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Piper Sandler boosted their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday. Finally, Citigroup reduced their target price on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a 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. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.52.

Procter & Gamble Stock Performance

Shares of PG opened at $143.00 on Friday. 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 twelve month low of $137.62 and a twelve month high of $167.25. The firm’s 50 day moving average price is $147.83 and its two-hundred day moving average price is $148.72. The firm has a market cap of $332.39 billion, a P/E ratio of 21.60, a PEG ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.