56,142 Shares in Procter & Gamble Company (The) $PG Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 56,142 shares of the company’s stock, valued at approximately $8,233,000.

A number of other large investors also recently added to or reduced their stakes in PG. Carson Advisory Inc. grew its position in shares of Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after buying an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after buying an additional 67 shares during the period. Cowa LLC boosted its stake in Procter & Gamble by 2.4% in the fourth quarter. Cowa LLC now owns 2,985 shares of the company’s stock valued at $428,000 after acquiring an additional 70 shares during the last quarter. KLCM Advisors Inc. boosted its stake in Procter & Gamble by 0.9% in the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after acquiring an additional 70 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC grew its holdings in Procter & Gamble by 1.6% during the 4th quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company’s stock worth $639,000 after acquiring an additional 71 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Rothschild & Co Redburn decreased their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Jefferies Financial Group upped their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Stock Up 1.3%

Shares of NYSE:PG opened at $144.77 on Friday. The company has a 50 day moving average price of $147.73 and a two-hundred day moving average price of $148.69. 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 company has a market capitalization of $336.51 billion, a PE ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period last year, the firm posted $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. Analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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