P&G Stock Holdings Increase as Institutional Investors Weigh In
Procter & Gamble (P&G) has seen its stock holdings increase by several institutional investors, according to recent SEC filings. Merit Financial Group LLC lifted its stake in P&G by 6.6% in the second quarter, adding 18,704 shares to its existing 303,351 shares.
The company's market capitalization is $335.82 billion, and it has a debt-to-equity ratio of 0.43. P&G's revenue was up 1.5% compared to the same period last year, beating analyst estimates. The company also recently announced a quarterly dividend payment of $1.0885 per share.
Several analysts have weighed in on P&G's performance, with Bank of America lowering its price target from $170.00 to $166.00 and Jefferies Financial Group boosting its target price to $179.00. TD Cowen upped its target price from $142.00 to $150.00.