Peachtree Investment Partners LLC Makes New Investment in Procter & Gamble Company (The) $PG

Peachtree Investment Partners LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,734 shares of the company’s stock, valued at approximately $694,000.

A number of other large investors have also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. lifted its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC raised its stake 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 last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after buying an additional 171 shares during the period. Finally, Basso Capital Management L.P. bought a new position in shares of Procter & Gamble during the 4th quarter valued at $28,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

PG opened at $143.00 on Friday. The company has a 50 day simple moving average of $147.83 and a two-hundred day simple moving average of $148.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market cap of $332.39 billion, a P/E ratio of 21.60, a PEG ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was 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 is 65.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on PG shares. Rothschild & Co Redburn cut their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. Jefferies Financial Group boosted their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. HSBC reiterated a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein started coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble 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.