Beto Financial Group LLC purchased a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,884 shares of the company’s stock, valued at approximately $748,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allen Investment Management LLC lifted its holdings in shares of Procter & Gamble by 6.7% during the 4th quarter. Allen Investment Management LLC now owns 69,760 shares of the company’s stock valued at $9,997,000 after buying an additional 4,405 shares during the last quarter. AXQ Capital LP acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $1,761,000. Vantus Wealth LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $825,000. Spinnaker Trust boosted its position in Procter & Gamble by 3.8% during the fourth quarter. Spinnaker Trust now owns 41,790 shares of the company’s stock worth $5,989,000 after purchasing an additional 1,547 shares during the period. Finally, Root Financial Partners LLC boosted its position in Procter & Gamble by 5.4% during the fourth quarter. Root Financial Partners LLC now owns 5,157 shares of the company’s stock worth $739,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Analysts Set New Price Targets
PG has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Morgan Stanley dropped their price target on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Bank of America dropped their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.06.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $140.34 on Tuesday. The business has a fifty day simple moving average of $144.32 and a 200 day simple moving average of $147.85. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $326.81 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 6.15 and a beta of 0.39. Procter & Gamble Company has a one year low of $137.62 and a one year high of $169.04.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The company 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. The ex-dividend date was Friday, April 24th. This is a positive change 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 3.1%. Procter & Gamble’s dividend payout ratio is currently 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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