Fairvoy Private Wealth LLC Decreases Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Fairvoy Private Wealth LLC cut its Procter & Gamble stake by 69.9% in the second quarter, selling 11,626 shares and retaining 5,017 shares valued at approximately $736,000.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 11 Hold ratings producing a “Moderate Buy” consensus and an average price target of $161.52.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates, while revenue rose 1.5% year over year to $21.20 billion. The company also declared an annualized dividend of $4.35 per share, yielding about 3.0%.

Fairvoy Private Wealth LLC trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 69.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,017 shares of the company's stock after selling 11,626 shares during the quarter. Fairvoy Private Wealth LLC's holdings in Procter & Gamble were worth $736,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its position in shares of 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. Park Square Financial Group LLC raised its holdings in Procter & Gamble by 65.1% in the fourth 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 in the last quarter. Evolution Wealth Management Inc. raised its holdings in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth approximately $26,000. Finally, Basso Capital Management L.P. acquired a new position in Procter & Gamble during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Rothschild & Co Redburn dropped their target price on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating on the stock in a report on Monday, April 27th. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. UBS Group lifted their price target on Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, Citigroup lowered their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble Trading Up 0.3%

Shares of Procter & Gamble stock opened at $143.57 on Wednesday. The company has a fifty day simple moving average of $148.03 and a 200-day simple moving average of $148.82. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The stock has a market cap of $333.72 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the business earned $1.48 EPS. 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. On average, equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble's payout ratio is 65.71%.

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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