4,586 Shares in Procter & Gamble Company (The) $PG Bought by Liberty Capital Management Inc.

Liberty Capital Management Inc. acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,586 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors have also recently made changes to their positions in PG. Advantage Trust Co grew its stake in shares of Procter & Gamble by 898.7% during the second quarter. Advantage Trust Co now owns 749 shares of the company’s stock valued at $110,000 after buying an additional 674 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Procter & Gamble by 6.6% during the 2nd quarter. Merit Financial Group LLC now owns 303,351 shares of the company’s stock worth $44,483,000 after acquiring an additional 18,704 shares during the last quarter. Vaquero Private Wealth Ltd. purchased a new position in Procter & Gamble during the 2nd quarter valued at $1,018,000. Farther Finance Advisors LLC grew its position in Procter & Gamble by 17.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 159,364 shares of the company’s stock valued at $23,374,000 after acquiring an additional 23,686 shares during the last quarter. Finally, LifeSteps Financial Inc. grew its position in Procter & Gamble by 2.3% in the 2nd quarter. LifeSteps Financial Inc. now owns 4,147 shares of the company’s stock valued at $608,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $143.57 on Wednesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The business has a 50-day moving average price of $148.03 and a 200 day moving average price of $148.82. The company has a market capitalization of $333.72 billion, a P/E ratio of 21.69, a PEG ratio of 4.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a dividend of $1.0885 per share. 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 dividend payout ratio (DPR) is presently 65.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on PG shares. Wells Fargo & Company lifted their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. BNP Paribas Exane reduced their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Bank of America decreased their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Citigroup lowered their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.