Phillips Wealth Planners LLC Takes $1.05 Million Position in Procter & Gamble Company (The) $PG

Phillips Wealth Planners LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, Holdings Channel reports. The firm purchased 6,892 shares of the company’s stock, valued at approximately $1,053,000.

Several other institutional investors also recently bought and sold shares of PG. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $4,664,783,000. Bank of New York Mellon Corp purchased a new stake in Procter & Gamble in the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Procter & Gamble in the second quarter worth about $1,480,650,000. Cardano Risk Management B.V. grew its holdings in Procter & Gamble by 1,104.8% during the 4th 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 in the last quarter. Finally, Auto Owners Insurance Co grew its holdings in Procter & Gamble by 14,231.0% during the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after acquiring an additional 3,524,876 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

PG stock opened at $144.77 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The firm has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a 50-day simple moving average of $147.73 and a two-hundred day simple moving average of $148.69.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on PG shares. Evercore set a $162.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Citigroup cut their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. HSBC reissued a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.52.

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.