HM Payson & Co. Lowers Stock Position in Procter & Gamble Company (The) $PG

HM Payson & Co. trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,995 shares of the company's stock after selling 15,562 shares during the quarter. HM Payson & Co.'s holdings in Procter & Gamble were worth $30,207,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its stake in Procter & Gamble by 19.8% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 5,736 shares of the company's stock worth $841,000 after buying an additional 949 shares in the last quarter. OFI Invest Asset Management boosted its position in Procter & Gamble by 8.0% during the 2nd quarter. OFI Invest Asset Management now owns 439,651 shares of the company's stock valued at $64,470,000 after acquiring an additional 32,416 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Procter & Gamble by 2.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 95,112 shares of the company's stock valued at $13,947,000 after acquiring an additional 2,587 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Procter & Gamble by 1.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 339,293 shares of the company's stock valued at $49,754,000 after acquiring an additional 3,272 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position in shares of Procter & Gamble by 0.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 46,728 shares of the company's stock worth $6,852,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PG shares. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. TD Cowen lifted their target price on Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, April 27th. BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, UBS Group raised their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Performance

Shares of PG opened at $143.03 on Tuesday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The stock has a fifty day moving average price of $148.13 and a 200-day moving average price of $148.85. 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 firm has a market cap of $332.46 billion, a PE ratio of 21.61, a P/E/G ratio of 4.45 and a beta of 0.39.

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, topping analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter last year, the firm earned $1.48 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Procter & Gamble 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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