120,046 Shares in Procter & Gamble Company (The) $PG Purchased by Grandfield & Dodd LLC

Grandfield & Dodd LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, Holdings Channel reports. The firm acquired 120,046 shares of the company’s stock, valued at approximately $17,604,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Procter & Gamble in the second quarter worth about $27,862,105,000. Norges Bank purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $4,664,783,000. Bank of New York Mellon Corp purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Procter & Gamble in the 2nd quarter worth approximately $1,480,650,000. Finally, Cardano Risk Management B.V. grew its stake in Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock valued at $1,364,518,000 after buying an additional 8,731,126 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. TD Cowen boosted their target price on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Bank of America cut their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. BMO Capital Markets lifted their price target on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Evercore set a $162.00 price objective on Procter & Gamble in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a 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, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.77 on Friday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $336.51 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39. The firm’s 50 day simple moving average is $147.73 and its 200 day simple moving average is $148.69.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a dividend of $1.0885 per share. The ex-dividend date of this dividend 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%.

About Procter & Gamble

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.