Northstar Group Inc. Buys New Shares in Procter & Gamble Company (The) $PG

Northstar Group Inc. purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,093 shares of the company’s stock, valued at approximately $1,920,000.

A number of other large investors also recently bought and sold shares of the stock. Cibc World Market Inc. lifted its stake in shares of Procter & Gamble by 40.6% in the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after purchasing an additional 147,701 shares in the last quarter. World Investment Advisors increased its position in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after purchasing an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV increased its position in Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock worth $11,681,000 after purchasing an additional 24,010 shares in the last quarter. Indivisible Partners purchased a new position in Procter & Gamble in the fourth quarter valued at approximately $2,120,000. Finally, Rokos Capital Management LLP acquired a new position in Procter & Gamble during the first quarter valued at approximately $29,914,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.7%

NYSE PG opened at $144.47 on Thursday. 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 fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a 50 day moving average price of $147.94 and a two-hundred day moving average price of $148.78. The stock has a market cap of $335.82 billion, a PE ratio of 21.82, a P/E/G ratio of 4.42 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $21.38 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The business’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, sell-side analysts predict that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared 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 payout ratio is 65.71%.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. 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 research note on Friday, July 10th. BMO Capital Markets raised their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. HSBC restated a “hold” rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target for the company. Finally, Jefferies Financial Group increased 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. Thirteen equities research 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 company has a consensus rating of “Moderate Buy” and a consensus price target 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.