Evolve Private Wealth LLC Has $2.87 Million Stock Position in Procter & Gamble Company (The) $PG

Evolve Private Wealth LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 68.9% during the first quarter, Holdings Channel.com reports. The firm owned 19,887 shares of the company’s stock after acquiring an additional 8,114 shares during the period. Evolve Private Wealth LLC’s holdings in Procter & Gamble were worth $2,873,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in Procter & Gamble by 1,000.0% during the 4th 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 during the period. Park Square Financial Group LLC grew its stake 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 during the period. Evolution Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 1,315.4% during 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 acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $26,000. Finally, Maseco LLP acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $28,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Piper Sandler boosted their price objective on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. UBS Group increased their price objective on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Morgan Stanley dropped their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.78.

Procter & Gamble Trading Down 1.7%

Shares of PG stock opened at $147.81 on Tuesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company’s fifty day simple moving average is $145.45 and its two-hundred day simple moving average is $147.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $344.19 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 6.54 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the prior year, the company posted $1.54 EPS. The business’s revenue for the quarter 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 anticipate 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 given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. This is a boost 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%.

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.