CX Institutional Cuts Holdings in Procter & Gamble Company (The) $PG

CX Institutional lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,588 shares of the company’s stock after selling 6,686 shares during the period. CX Institutional’s holdings in Procter & Gamble were worth $8,738,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its position in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC grew its stake in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the period. Evolution Wealth Management Inc. raised its stake in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $26,000. Finally, Maseco LLP purchased a new stake in Procter & Gamble during the 4th quarter worth $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $144.85 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm’s 50-day simple moving average is $147.72 and its 200-day simple moving average is $148.96. The firm has a market cap of $337.31 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s payout ratio is 65.71%.

Analyst Ratings Changes

PG has been the topic of a number of recent research reports. Citigroup reduced their price objective on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group raised their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Morgan Stanley dropped their price objective on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.