Performance Wealth Partners LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 8,295 shares of the company’s stock, valued at approximately $1,216,000.
Several other hedge funds also recently added to or reduced their stakes in the business. Carson Advisory Inc. boosted its holdings in 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 acquiring an additional 65 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares in the last quarter. Cowa LLC raised its position in shares of Procter & Gamble by 2.4% in the 4th quarter. Cowa LLC now owns 2,985 shares of the company’s stock valued at $428,000 after purchasing an additional 70 shares during the last quarter. KLCM Advisors Inc. raised its position in shares of Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after purchasing an additional 70 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC boosted its stake 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 purchasing an additional 71 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 research analysts have issued reports on PG shares. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. TD Cowen raised their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company lifted their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.52.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $144.77 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a 50 day simple moving average of $147.73 and a two-hundred day simple moving average of $148.69. The stock has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the firm earned $1.48 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 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.
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