Liberty One Investment Management LLC Buys 23,310 Shares of Procter & Gamble Company (The) $PG

Liberty One Investment Management LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 15.5% during the 1st quarter, HoldingsChannel reports. The firm owned 173,235 shares of the company’s stock after buying an additional 23,310 shares during the period. Procter & Gamble comprises about 2.6% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. Liberty One Investment Management LLC’s holdings in Procter & Gamble were worth $25,022,000 at the end of the most recent quarter.

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

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Trading Down 1.5%

NYSE PG opened at $146.94 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a 50 day moving average price of $147.22 and a 200 day moving average price of $148.71. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm has a market cap of $342.16 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 7.42 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. Procter & Gamble’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a $1.0885 dividend. The ex-dividend date of this dividend is 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 63.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. UBS Group increased their target price on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Finally, BNP Paribas Exane decreased their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $161.74.

Get Our Latest Analysis on PG

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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