Rokos Capital Management LLP Invests $29.91 Million in Procter & Gamble Company (The) $PG

Rokos Capital Management LLP bought a new position in Procter & Gamble Company (The) (NYSE:PG) during the first quarter, HoldingsChannel reports. The fund bought 207,099 shares of the company’s stock, valued at approximately $29,914,000.

Several other hedge funds have also bought and sold shares of PG. Carson Advisory Inc. raised its stake in shares of Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after buying an additional 65 shares during the period. Trilogy Capital Inc. grew its stake in shares of Procter & Gamble by 1.1% during the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after acquiring an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. increased its holdings in Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after acquiring an additional 68 shares in the last quarter. Finally, Grant Street Asset Management Inc. raised its stake in Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after acquiring an additional 69 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PG. TD Cowen upped their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Finally, Bank of America decreased their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.74.

Procter & Gamble Price Performance

PG stock opened at $148.66 on Tuesday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The firm has a market capitalization of $346.17 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 7.33 and a beta of 0.39. The company has a fifty day simple moving average of $147.46 and a two-hundred day simple moving average of $148.82. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 EPS. Analysts anticipate that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be given a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.60%.

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.