Evolve Private Wealth LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 75.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,839 shares of the company's stock after selling 15,048 shares during the period. Evolve Private Wealth LLC's holdings in Procter & Gamble were worth $710,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC boosted its stake in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. grew its position in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $26,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $26,000. 65.77% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Bank of America dropped their price target on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a report on Wednesday, August 19th. BMO Capital Markets upped their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $161.19.
Read Our Latest Stock Analysis on PG
Procter & Gamble Stock Down 0.3%
Shares of PG opened at $145.02 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $337.09 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 4.48 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The business's 50 day simple moving average is $147.41 and its 200-day simple moving average is $148.42.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating 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 analyst estimates of $21.38 billion. During the same period last year, the firm posted $1.48 earnings per share. Procter & Gamble'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, equities analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.
Insiders Place Their Bets
In other news, insider Marc S. Pritchard sold 4,030 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the sale, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. The trade was a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,627 shares of company stock valued at $953,417 in the last three months. Corporate insiders own 0.20% of the company's stock.
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.
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