Foster & Motley Inc. Lowers Position in Procter & Gamble Company (The) $PG

Key Points

• Foster & Motley Inc. cut its Procter & Gamble stake by 11.6% in the first quarter, selling 7,736 shares and leaving it with 58,761 shares valued at about $8.49 million.
• Analysts remain mixed on PG, with recent rating changes and price target adjustments leading to a consensus rating of “Moderate Buy” and an average target price of $160.78.
• Procter & Gamble reported better-than-expected EPS of $1.59 for the latest quarter, raised its quarterly dividend to $1.0885 per share, and continues to trade near $148.58 with a 2.9% dividend yield.

Foster & Motley Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,761 shares of the company's stock after selling 7,736 shares during the period. Foster & Motley Inc.'s holdings in Procter & Gamble were worth $8,488,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Carson Advisory Inc. boosted its holdings in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after acquiring an additional 65 shares during the last quarter. Trilogy Capital Inc. increased its stake in Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company's stock worth $901,000 after acquiring an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock worth $549,000 after purchasing an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. raised its holdings in shares of Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company's stock worth $376,000 after purchasing an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. lifted its stake in shares of Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company's stock valued at $376,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PG. Rothschild & Co Redburn decreased their target price on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Erste Group Bank lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Tuesday, March 24th. Sanford C. Bernstein began coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $165.00 to $162.00 and set an "overweight" rating for the company in a research report on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.78.

Procter & Gamble Price Performance

PG stock opened at $148.58 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm has a market cap of $345.99 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 6.61 and a beta of 0.39. The stock has a 50-day simple moving average of $145.82 and a 200-day simple moving average of $147.93.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $1.0885 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 24th. Procter & Gamble's payout ratio is 63.60%.

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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