Kelleher Financial Advisors Takes $613,000 Position in Procter & Gamble Company (The) $PG

Kelleher Financial Advisors acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,182 shares of the company’s stock, valued at approximately $613,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares during the period. State Street Corp lifted its holdings in Procter & Gamble by 1.0% in the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after buying an additional 1,974,556 shares in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter worth $4,664,783,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Procter & Gamble by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, April 27th. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Sanford C. Bernstein assumed coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. Bank of America decreased their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.52.

Procter & Gamble Trading Up 0.7%

PG opened at $144.47 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $335.82 billion, a PE ratio of 21.82, a PEG ratio of 4.42 and a beta of 0.39. The firm has a 50-day moving average price of $147.94 and a two-hundred day moving average price of $148.78. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

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

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a dividend of $1.0885 per share. 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 payout ratio is 65.71%.

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.