Procter & Gamble Company (The) $PG is BCS Wealth Management's 4th Largest Position

Key Points

• BCS Wealth Management cut its Procter & Gamble stake by 50.3% in the first quarter, though PG remains its 4th-largest holding and was still worth about $13.8 million.
• Procter & Gamble reported better-than-expected earnings of $1.59 per share, while revenue rose 7.4% year over year to $21.23 billion. The company also raised its full-year guidance to 6.83–7.09 EPS.
• The company increased its quarterly dividend to $1.0885 per share, representing an annualized dividend of $4.35 and a yield of about 2.9%. Analysts currently rate the stock a Moderate Buy with an average price target of $160.78.

BCS Wealth Management trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 50.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 95,712 shares of the company's stock after selling 96,850 shares during the quarter. Procter & Gamble comprises about 2.8% of BCS Wealth Management's holdings, making the stock its 4th biggest holding. BCS Wealth Management's holdings in Procter & Gamble were worth $13,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Carson Advisory Inc. increased its position in shares of Procter & Gamble by 0.5% during 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 in the last quarter. Trilogy Capital Inc. lifted its position in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company's stock valued at $901,000 after acquiring an additional 67 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock valued at $549,000 after purchasing an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. boosted its stake in Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company's stock valued at $376,000 after purchasing an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. increased its holdings 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 worth $376,000 after purchasing an additional 69 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 2.3%

PG stock opened at $151.11 on Wednesday. The company has a market cap of $351.87 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 6.42 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The business's 50-day moving average is $145.57 and its two-hundred day moving average is $147.85. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.9%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 63.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PG shares. Bank of America lowered their price target on Procter & Gamble from $171.00 to $167.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada decreased their target price on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating for the company in a research report on Thursday, April 9th. Erste Group Bank downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Tuesday, March 24th. The Goldman Sachs Group reduced their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $165.00 to $162.00 and set an "overweight" rating for the company in a report on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.78.

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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