Procter & Gamble Company (The) $PG Shares Bought by Eastern Bank

Eastern Bank boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 427,106 shares of the company’s stock after acquiring an additional 17,156 shares during the quarter. Eastern Bank’s holdings in Procter & Gamble were worth $62,631,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Procter & Gamble by 1,000.0% in 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 during the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC raised its position 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 during the period. Evolution Wealth Management Inc. raised its position 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 during the period. Finally, Basso Capital Management L.P. acquired a new position in Procter & Gamble during the fourth quarter worth $28,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.3%

Shares of Procter & Gamble stock opened at $144.85 on Tuesday. The company has a market capitalization of $337.31 billion, a P/E ratio of 21.88, a PEG ratio of 4.44 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. The company’s fifty day moving average is $147.72 and its two-hundred day moving average is $148.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue 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. Analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s payout ratio is 65.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PG. Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. HSBC reiterated a “hold” rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a report on Thursday. Royal Bank Of Canada dropped their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Morgan Stanley lowered their price objective on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.