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15,683 Shares in Procter & Gamble Company (The) $PG Bought by Littlejohn Financial Services Inc.

Procter & Gamble logo with Consumer Staples background
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Key Points

  • Littlejohn Financial Services Inc. disclosed a new Q1 position in Procter & Gamble, buying 15,683 shares valued at about $2.27 million. The stake represents roughly 1.7% of its portfolio and is its 25th-largest holding.
  • Analyst sentiment remains constructive overall, with Jefferies raising its price target to $179 and reiterating a Buy rating. MarketBeat shows a consensus rating of Moderate Buy with an average target price of $161.
  • P&G recently reported Q1 earnings of $1.59 per share, topping estimates, and it also increased its quarterly dividend to $1.0885 per share. The stock opened around $149.49, near its 50-day and 200-day moving averages.
  • Five stocks we like better than Procter & Gamble.

Littlejohn Financial Services Inc. bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,683 shares of the company's stock, valued at approximately $2,265,000. Procter & Gamble makes up approximately 1.7% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 25th largest position.

Several other hedge funds have also bought and sold shares of PG. Carson Advisory Inc. grew its position in shares of Procter & Gamble by 0.5% during the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after purchasing an additional 65 shares in the last quarter. Trilogy Capital Inc. lifted its position in shares of Procter & Gamble by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company's stock worth $901,000 after buying an additional 67 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in 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 buying an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. boosted its stake in Procter & Gamble by 2.7% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company's stock valued at $376,000 after buying an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. grew its holdings in Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company's stock valued at $376,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley lowered their target price on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a research report on Wednesday, April 22nd. Erste Group Bank cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Rothschild & Co Redburn decreased their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating on the stock in a research report on Monday, April 27th. Bank of America dropped their price target on Procter & Gamble from $171.00 to $167.00 and set a "buy" rating for the company in a research report on Friday, April 10th. Finally, Royal Bank Of Canada decreased their price objective on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating on the stock in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $161.00.

View Our Latest Report on PG

Key Headlines Impacting Procter & Gamble

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

Procter & Gamble Price Performance

Shares of PG stock opened at $149.49 on Monday. The stock has a 50 day moving average price of $145.94 and a 200 day moving average price of $148.01. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. 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 firm has a market capitalization of $348.11 billion, a P/E ratio of 21.86, a P/E/G ratio of 6.48 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the prior year, the company posted $1.54 EPS. Procter & Gamble's quarterly revenue 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, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed 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 positive change 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 annualized dividend and a yield of 2.9%. Procter & Gamble's dividend payout ratio is presently 63.60%.

About Procter & Gamble

(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.

Featured Stories

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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