Evolve Private Wealth LLC Buys 8,114 Shares of Procter & Gamble Company (The) $PG

Key Points

• Evolve Private Wealth LLC boosted its Procter & Gamble stake by 68.9% in the first quarter, buying 8,114 additional shares and bringing its total holdings to 19,887 shares worth about $2.87 million.
• Procter & Gamble reported better-than-expected quarterly earnings of $1.59 per share, though revenue of $21.23 billion came in slightly below estimates. The company also raised its full-year fiscal 2026 EPS guidance to $6.83–$7.09.
• The company increased its quarterly dividend to $1.0885 per share, up from $1.06, implying an annualized dividend of $4.35 and a yield of 2.9%. Analysts currently have a consensus rating of Moderate Buy with a price target of $160.78.

Evolve Private Wealth LLC raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,887 shares of the company's stock after acquiring an additional 8,114 shares during the quarter. Evolve Private Wealth LLC's holdings in Procter & Gamble were worth $2,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after buying an additional 2,829,151 shares during the last quarter. State Street Corp increased its holdings in shares of Procter & Gamble by 1.0% during the 4th quarter. State Street Corp now owns 101,618,926 shares of the company's stock worth $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC raised its stake in Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the period. Norges Bank acquired a new stake in Procter & Gamble during the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $147.81 on Tuesday. The business has a 50 day moving average of $145.45 and a 200-day moving average of $147.82. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market capitalization of $344.19 billion, a P/E ratio of 21.61, a P/E/G ratio of 6.54 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same quarter last year, the business earned $1.54 EPS. The company's revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research 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. Stockholders of record on Friday, April 24th were given a dividend of $1.0885 per share. 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 dividend yield of 2.9%. Procter & Gamble's payout ratio is 63.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a report on Wednesday, April 8th. BNP Paribas Exane lowered their price objective on Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada reduced their target price on shares of Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating for the company in a research report on Thursday, April 9th. Raymond James Financial decreased their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 14th. Finally, Evercore set a $162.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.78.

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.

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