M. Kulyk & Associates LLC Invests $10.33 Million in Procter & Gamble Company (The) $PG

M. Kulyk & Associates LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,435 shares of the company’s stock, valued at approximately $10,329,000. Procter & Gamble accounts for about 1.7% of M. Kulyk & Associates LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Procter & Gamble during the 2nd quarter valued at $27,862,105,000. Norges Bank purchased a new stake in shares of Procter & Gamble in the 4th quarter worth about $4,664,783,000. Bank of New York Mellon Corp bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Procter & Gamble during the second quarter valued at about $1,480,650,000. Finally, Cardano Risk Management B.V. raised its stake in Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after buying an additional 8,731,126 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.3%

NYSE:PG opened at $144.77 on Friday. The firm has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company’s 50-day simple moving average is $147.73 and its 200 day simple moving average is $148.69.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given 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 of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. BMO Capital Markets increased their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. UBS Group raised their target price on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Finally, Rothschild & Co Redburn reduced their price target on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.52.

Procter & Gamble 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.