Epoch Investment Partners Inc. Trims Position in Procter & Gamble Company (The) $PG

Epoch Investment Partners Inc. trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,921 shares of the company’s stock after selling 4,616 shares during the period. Epoch Investment Partners Inc.’s holdings in Procter & Gamble were worth $21,943,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. lifted its position in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after buying an additional 147,701 shares in the last quarter. World Investment Advisors grew its holdings in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after buying an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after buying an additional 24,010 shares in the last quarter. Indivisible Partners bought a new stake in Procter & Gamble in the 4th quarter worth approximately $2,120,000. Finally, MOR Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $1,975,000. Institutional investors own 65.77% of the company’s stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PG. Wells Fargo & Company increased their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Piper Sandler increased their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $161.74.

Check Out Our Latest Report on PG

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $147.30 on Friday. The stock has a market cap of $343.00 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 7.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a 50 day moving average price of $147.33 and a 200-day moving average price of $148.70. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 EPS. Equities analysts expect that Procter & Gamble Company will post 6.88 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is 63.60%.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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