Redwood Investment Management LLC Sells 4,794 Shares of Procter & Gamble Company (The) $PG

Redwood Investment Management LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 75.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,529 shares of the company’s stock after selling 4,794 shares during the period. Redwood Investment Management LLC’s holdings in Procter & Gamble were worth $221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new stake in Procter & Gamble during the first quarter worth about $315,000. Shariaportfolio Inc. acquired a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $1,663,000. Dakota Community Bank & Trust NA lifted its holdings in shares of Procter & Gamble by 5.1% during the 1st quarter. Dakota Community Bank & Trust NA now owns 2,232 shares of the company’s stock worth $322,000 after acquiring an additional 109 shares during the period. Rathbones Group PLC lifted its holdings in shares of Procter & Gamble by 3.1% during the 1st quarter. Rathbones Group PLC now owns 1,546,258 shares of the company’s stock worth $223,342,000 after acquiring an additional 46,631 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its position in shares of Procter & Gamble by 1.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 42,324 shares of the company’s stock worth $6,113,000 after acquiring an additional 581 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Citigroup decreased their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Rothschild & Co Redburn reduced their target price on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Bank of America dropped their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Read Our Latest Research Report on PG

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

  • Positive Sentiment: Strategic acquisition strengthens growth prospects. Thorne will complement P&G’s existing health brands, including Metamucil, Align Probiotic and New Chapter, while adding exposure to the premium wellness market. The deal is expected to close later this year. L Catterton Announces Sale of Thorne to The Procter & Gamble Company for $3.8 Billion
  • Positive Sentiment: Management is emphasizing healthcare growth. CEO Shailesh Jejurikar said the Thorne purchase is intended to grow P&G’s health business, and reports characterized the asset as a strong strategic fit. Investors may view the move as a way to diversify beyond slower-growing household and personal-care categories. Procter & Gamble will acquire supplements brand Thorne
  • Positive Sentiment: Input-cost pressure may be easing. Coverage points to cooling commodity and other input pressures, which could provide some relief to margins if the trend continues. Why Is Procter & Gamble in Focus as Input Pressures Cool?

Procter & Gamble Stock Performance

NYSE:PG opened at $147.99 on Wednesday. The stock’s 50-day moving average is $147.81 and its 200-day moving average is $148.97. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. The stock has a market cap of $344.61 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) 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 31.25%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the business earned $1.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s payout ratio is 65.71%.

Procter & Gamble Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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