Centric Wealth Management Purchases New Position in Procter & Gamble Company (The) $PG

Centric Wealth Management acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,074 shares of the company's stock, valued at approximately $1,158,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Carson Advisory Inc. lifted 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 purchasing an additional 65 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position 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 worth $549,000 after buying an additional 67 shares during the last quarter. Grant Street Asset Management Inc. raised its holdings in Procter & Gamble by 2.7% during the fourth 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. Cowa LLC raised its holdings in Procter & Gamble by 2.4% during the fourth quarter. Cowa LLC now owns 2,985 shares of the company's stock valued at $428,000 after buying an additional 70 shares in the last quarter. Finally, KLCM Advisors Inc. lifted its position in shares of Procter & Gamble by 0.9% in the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company's stock worth $1,140,000 after buying an additional 70 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the topic of a number of analyst reports. Barclays increased their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. UBS Group lifted their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research note 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. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Price Performance

NYSE PG opened at $143.00 on Friday. The stock has a 50-day simple moving average of $147.83 and a 200 day simple moving average of $148.72. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The stock has a market capitalization of $332.39 billion, a PE ratio of 21.60, a P/E/G ratio of 4.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 65.71%.

Procter & Gamble Company 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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