United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.3% during the first quarter, Holdings Channel.com reports. The firm owned 3,100 shares of the company’s stock after purchasing an additional 100 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Procter & Gamble were worth $528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirabaud & Cie SA grew its stake in shares of Procter & Gamble by 87.8% in the first quarter. Mirabaud & Cie SA now owns 49,963 shares of the company’s stock valued at $8,515,000 after buying an additional 23,352 shares in the last quarter. Endeavor Private Wealth Inc. grew its stake in shares of Procter & Gamble by 683.7% in the first quarter. Endeavor Private Wealth Inc. now owns 3,472 shares of the company’s stock valued at $592,000 after buying an additional 3,029 shares in the last quarter. Fiduciary Wealth Partners LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at $457,000. SPC Financial Inc. grew its stake in shares of Procter & Gamble by 7.3% in the first quarter. SPC Financial Inc. now owns 11,496 shares of the company’s stock valued at $1,959,000 after buying an additional 781 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp grew its stake in Procter & Gamble by 8.8% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 26,181 shares of the company’s stock worth $4,462,000 after purchasing an additional 2,116 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.1%

Shares of NYSE PG opened at $150.65 on Friday. The stock has a market cap of $353.20 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The business has a 50-day moving average price of $159.83 and a 200 day moving average price of $163.99.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PG. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an “overweight” rating 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 boosted their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Piper Sandler upped their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.88.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble 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.