SVB Wealth LLC trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 56,372 shares of the company’s stock after selling 4,052 shares during the period. SVB Wealth LLC’s holdings in Procter & Gamble were worth $8,142,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its position in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $26,000. Park Square Financial Group LLC grew its stake in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its stake in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Finally, Basso Capital Management L.P. bought a new position in shares of Procter & Gamble during the fourth quarter valued at $28,000. 65.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
PG has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Evercore set a $162.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Piper Sandler upped their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.
Procter & Gamble Price Performance
PG opened at $151.11 on Wednesday. The company’s 50-day simple moving average is $145.57 and its two-hundred day simple moving average is $147.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market capitalization of $351.87 billion, a P/E ratio of 22.09, a P/E/G ratio of 6.42 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is presently 63.60%.
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.
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