Meyer Handelman Co. Sells 5,210 Shares of Procter & Gamble Company (The) $PG

Meyer Handelman Co. lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 509,397 shares of the company’s stock after selling 5,210 shares during the period. Procter & Gamble comprises approximately 2.3% of Meyer Handelman Co.’s holdings, making the stock its 12th biggest position. Meyer Handelman Co.’s holdings in Procter & Gamble were worth $73,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in Procter & Gamble during the first quarter valued at approximately $17,102,000. Contravisory Investment Management Inc. boosted its stake in shares of Procter & Gamble by 5.4% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,510 shares of the company’s stock worth $218,000 after acquiring an additional 77 shares during the last quarter. Fairvoy Private Wealth LLC grew its position in shares of Procter & Gamble by 191.9% during the 1st quarter. Fairvoy Private Wealth LLC now owns 16,643 shares of the company’s stock valued at $2,404,000 after acquiring an additional 10,942 shares during the period. Hoxton Planning & Management LLC grew its position in shares of Procter & Gamble by 7.9% during the 1st quarter. Hoxton Planning & Management LLC now owns 2,273 shares of the company’s stock valued at $328,000 after acquiring an additional 167 shares during the period. Finally, Silver Oak Securities Incorporated increased its stake in shares of Procter & Gamble by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 25,494 shares of the company’s stock worth $3,682,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $148.58 on Friday. The business’s 50-day simple moving average is $145.82 and its two-hundred day simple moving average is $147.93. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The stock has a market cap of $345.99 billion, a PE ratio of 21.72, a P/E/G ratio of 6.61 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 earnings per share for the quarter, topping 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 firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. 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 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $1.0885 per share. 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 63.60%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PG shares. Royal Bank Of Canada lowered their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. TD Cowen raised their price objective on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Sanford C. Bernstein began coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Jefferies Financial Group reduced their target price on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Raymond James Financial decreased their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” 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 given a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target 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.