167,914 Shares in Procter & Gamble Company (The) $PG Bought by Trust Co. of Vermont

Trust Co. of Vermont bought a new stake in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 167,914 shares of the company’s stock, valued at approximately $24,623,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares during the last quarter. State Street Corp boosted its stake in Procter & Gamble by 1.0% during the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC boosted its stake in Procter & Gamble by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares during the last quarter. Norges Bank acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $4,664,783,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.3%

Shares of PG stock opened at $144.77 on Friday. The firm has a fifty day moving average of $147.73 and a 200-day moving average of $148.69. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating 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 net margin of 18.44% and a return on equity of 31.36%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Bank of America dropped their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. UBS Group boosted their target price on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, HSBC restated a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.52.

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.