Northstar Financial Companies Inc. Buys New Holdings in Procter & Gamble Company (The) $PG

Northstar Financial Companies Inc. purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,069 shares of the company’s stock, valued at approximately $597,000.

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

Procter & Gamble Stock Down 1.0%

PG stock opened at $143.00 on Friday. The business has a 50 day moving average of $147.83 and a 200 day moving average of $148.72. The firm has a market cap of $332.39 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. 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 (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Rothschild & Co Redburn cut their target price on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Wells Fargo & Company increased their price objective on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. TD Cowen boosted their target price on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday. Thirteen research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Company 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.