LPL Financial LLC Sells 9,286 Shares of Procter & Gamble Company (The) $PG

Key Points

• LPL Financial LLC trimmed its Procter & Gamble stake by 9,286 shares in the fourth quarter, but still held about 4.0 million shares valued at roughly $573.5 million.
• Procter & Gamble reported quarterly EPS of $1.59, topping estimates, while revenue came in at $21.24 billion and rose 7.4% year over year.
• The company raised its quarterly dividend to $1.0885 per share, implying an annualized payout of $4.35 and a yield of about 3.0%.

LPL Financial LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,001,999 shares of the company's stock after selling 9,286 shares during the quarter. LPL Financial LLC owned 0.17% of Procter & Gamble worth $573,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the period. Park Square Financial Group LLC raised its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. raised its holdings in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the period. Maseco LLP bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Finally, Saranac Partners Ltd bought a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $30,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $145.09 on Tuesday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The firm has a market capitalization of $337.86 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 6.29 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $144.24 and a 200-day moving average of $147.68.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. Procter & Gamble's dividend payout ratio (DPR) is currently 63.60%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PG. Raymond James Financial lowered their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $163.00 price target on shares of Procter & Gamble 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 research note on Tuesday, March 24th. Morgan Stanley reduced their price objective on shares of Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Procter & Gamble from $179.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $161.06.

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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