Oxbow Advisors LLC Buys New Stake in Procter & Gamble Company (The) $PG

Oxbow Advisors LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,298 shares of the company’s stock, valued at approximately $1,364,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Carson Advisory Inc. boosted its position 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. Cary Street Partners Investment Advisory LLC raised its holdings 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 buying an additional 67 shares during the period. Cowa LLC raised 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 valued at $428,000 after buying an additional 70 shares during the period. KLCM Advisors Inc. lifted its position in Procter & Gamble by 0.9% during the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock worth $1,140,000 after acquiring an additional 70 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC boosted its holdings in Procter & Gamble by 1.6% in the 4th quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company’s stock worth $639,000 after acquiring an additional 71 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Barclays increased their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Stock Up 0.1%

Shares of Procter & Gamble stock opened at $144.77 on Monday. 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 1-year low of $137.62 and a 1-year high of $167.25. The business’s fifty day moving average price is $147.73 and its two-hundred day moving average price is $148.66. The company 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.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio is currently 65.71%.

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.