Sumitomo Mitsui Financial Group Inc. Buys 2,460 Shares of Procter & Gamble Company (The) $PG

Sumitomo Mitsui Financial Group Inc. increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,453 shares of the company’s stock after purchasing an additional 2,460 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Procter & Gamble were worth $3,826,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $31,000. 10Elms LLP bought a new stake in Procter & Gamble during the fourth quarter valued at about $34,000. Mizuho Securities Co. Ltd. raised its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PG. Evercore ISI reissued an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Wells Fargo & Company decreased their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.94.

Procter & Gamble Trading Up 0.9%

PG opened at $155.68 on Tuesday. The firm has a market cap of $364.66 billion, a P/E ratio of 23.91, a P/E/G ratio of 4.07 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month 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 stock has a 50-day moving average of $157.05 and a 200 day moving average of $163.17.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

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.