Claris Financial LLC Buys New Position in Procter & Gamble Company (The) $PG

Claris Financial LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,427 shares of the company’s stock, valued at approximately $921,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 valued at $25,000 after buying an additional 150 shares in the last quarter. Park Square Financial Group LLC grew its position in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Evolution Wealth Management Inc. increased its stake in Procter & Gamble by 1,315.4% in 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 during the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at about $26,000. Finally, Maseco LLP purchased a new stake in Procter & Gamble during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $150.85 on Friday. The company has a 50-day simple moving average of $145.31 and a two-hundred day simple moving average of $147.78. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The firm has a market cap of $351.26 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 6.55 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.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is presently 63.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Sanford C. Bernstein started coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective for the company. Raymond James Financial dropped their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Rothschild & Co Redburn cut their target price on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Wells Fargo & Company increased 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. Finally, Barclays decreased their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $160.78.

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.