70,435 Shares in Procter & Gamble Company (The) $PG Purchased by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, Holdings Channel reports. The fund acquired 70,435 shares of the company’s stock, valued at approximately $10,329,000. Procter & Gamble accounts for about 1.7% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Park Square Financial Group LLC increased its position in shares of Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $26,000. Finally, Basso Capital Management L.P. bought a new position in Procter & Gamble in the 4th quarter valued at approximately $28,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays increased their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Jefferies Financial Group upped their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. UBS Group increased their price objective on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. HSBC reiterated a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Stock Up 1.3%

Procter & Gamble 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 stock has a fifty day moving average of $147.73 and a 200 day moving average 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 stock has a market cap 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.

Procter & Gamble (NYSE:PG) last announced 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. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.98 EPS for the current 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 issued 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 dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) 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.