R.H. Investment Group LLC Buys New Stake in Procter & Gamble Company (The) $PG

R.H. Investment Group LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,086 shares of the company’s stock, valued at approximately $3,825,000. Procter & Gamble makes up about 2.9% of R.H. Investment Group LLC’s holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Procter & Gamble by 1,000.0% during the 4th 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 in the last quarter. Park Square Financial Group LLC boosted its holdings in Procter & Gamble by 65.1% in the fourth 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. boosted its holdings in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at approximately $26,000. Finally, Basso Capital Management L.P. acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.3%

Shares of NYSE:PG opened at $144.77 on Friday. The company has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39. The firm’s 50-day simple moving average is $147.73 and its 200-day simple moving average is $148.69. 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 Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during 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%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Jefferies Financial Group increased their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Piper Sandler lifted their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. TD Cowen boosted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

About Procter & Gamble

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.