Blue Edge Capital LLC Has $539,000 Position in Procter & Gamble Company (The) (NYSE:PG)

Blue Edge Capital LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,165 shares of the company’s stock after buying an additional 221 shares during the period. Blue Edge Capital LLC’s holdings in Procter & Gamble were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Navigoe LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. 10Elms LLP bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Mizuho Securities Co. Ltd. raised its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $154.30 on Friday. The business’s 50 day moving average is $157.19 and its 200-day moving average is $163.27. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market cap of $361.43 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.40 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Equities research analysts predict 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 was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PG shares. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. 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 note on Monday, May 5th. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Wells Fargo & Company cut their price objective on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $175.94.

Procter & Gamble Company 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.