Rayburn West Financial Services LLC Makes New $1.76 Million Investment in Procter & Gamble Company (The) $PG

Rayburn West Financial Services LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,989 shares of the company’s stock, valued at approximately $1,758,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carson Advisory Inc. raised its stake in Procter & Gamble by 0.5% during the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after purchasing an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after buying an additional 67 shares during the period. Cowa LLC increased its holdings in shares of Procter & Gamble by 2.4% during the 4th quarter. Cowa LLC now owns 2,985 shares of the company’s stock worth $428,000 after buying an additional 70 shares during the last quarter. KLCM Advisors Inc. raised its position in shares of Procter & Gamble by 0.9% during the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after buying an additional 70 shares during the period. Finally, Wheelhouse Advisory Group LLC lifted its holdings in Procter & Gamble by 1.6% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company’s stock valued at $639,000 after acquiring an additional 71 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.1%

Shares of NYSE PG opened at $144.77 on Monday. The firm has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The business’s 50 day moving average is $147.73 and its two-hundred day moving average is $148.66.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the business posted $1.48 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Research analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PG shares. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. UBS Group upped their price target on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. BMO Capital Markets increased their price target on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. TD Cowen raised their price objective on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.52.

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.