71 West Capital Partners Buys Shares of 8,164 Procter & Gamble Company (The) $PG

Key Points

• 71 West Capital Partners opened a new position in Procter & Gamble in the fourth quarter, buying 8,164 shares worth about $1.17 million.
• Institutional investors continue to hold a large stake in the company, with hedge funds and other institutions owning about 65.77% of Procter & Gamble shares.
• Procter & Gamble reported Q4 EPS of $1.59, beating estimates, and it also raised its quarterly dividend to $1.0885 per share, implying a 2.9% yield.

71 West Capital Partners bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 8,164 shares of the company's stock, valued at approximately $1,170,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Carson Advisory Inc. boosted its stake in shares of Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after buying an additional 65 shares during the period. Trilogy Capital Inc. boosted its stake in shares of Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company's stock valued at $901,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Procter & Gamble by 1.8% in the 4th 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 period. Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 2.7% in the 4th 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 period. Finally, Grant Street Asset Management Inc. boosted its stake in shares of Procter & Gamble by 2.7% in 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 during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PG shares. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $165.00 to $162.00 and set an "overweight" rating for the company in a research note on Friday, April 17th. Erste Group Bank cut Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Raymond James Financial decreased their price objective on Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada decreased their price objective on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating for the company in a research note on Thursday, April 9th. Finally, Jefferies Financial Group decreased their target price on Procter & Gamble from $179.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $160.78.

Procter & Gamble Price Performance

PG stock opened at $150.40 on Tuesday. The business has a 50 day moving average price of $144.78 and a 200 day moving average price of $147.72. The stock has a market cap of $350.21 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 6.51 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.24 billion during the quarter, compared to analysts' expectations of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $1.0885 per share. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble's dividend payout ratio (DPR) 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.

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.