Addison Advisors LLC Sells 7,288 Shares of Procter & Gamble Company (The) $PG

Key Points

• Addison Advisors LLC reduced its Procter & Gamble stake by 88.3% in the second quarter, selling 7,288 shares and retaining 967 shares worth approximately $142,000.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.52. Recent target changes ranged from $150 to $170.
• Procter & Gamble exceeded quarterly EPS expectations with $1.43 per share, while revenue rose 1.5% year over year to $21.20 billion. The company also paid a quarterly dividend of $1.0885, representing a 3.0% annualized yield.

Addison Advisors LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 88.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 967 shares of the company's stock after selling 7,288 shares during the period. Addison Advisors LLC's holdings in Procter & Gamble were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after buying an additional 150 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Procter & Gamble during the 2nd quarter worth $26,000. Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $26,000. Park Square Financial Group LLC lifted its position in shares of Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the period. Finally, Evolution Wealth Management Inc. lifted its position in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PG. Royal Bank Of Canada restated an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday. TD Cowen upped their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, April 27th. Bank of America reduced their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Citigroup decreased their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.77 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market cap of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The business's 50-day moving average price is $147.73 and its two-hundred day moving average price is $148.66.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. 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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