JT Stratford LLC Purchases 10,358 Shares of Procter & Gamble Company (The) $PG

JT Stratford LLC raised its position in Procter & Gamble Company (The) (NYSE:PG) by 317.3% during the first quarter, Holdings Channel reports. The fund owned 13,622 shares of the company’s stock after acquiring an additional 10,358 shares during the period. JT Stratford LLC’s holdings in Procter & Gamble were worth $2,321,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Procter & Gamble by 0.8% in the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company’s stock valued at $5,051,930,000 after acquiring an additional 248,792 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Procter & Gamble by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company’s stock valued at $2,966,252,000 after acquiring an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Procter & Gamble by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company’s stock worth $2,911,989,000 after buying an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after buying an additional 2,224,912 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after buying an additional 2,228,151 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $155.68 on Tuesday. The firm has a market capitalization of $364.66 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 4.07 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The business has a 50 day simple moving average of $157.05 and a 200-day simple moving average of $163.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

Analyst Ratings Changes

Several research firms have recently commented on PG. Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.94.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.