Merit Financial Group LLC Boosts Stock Position in Procter & Gamble Company (The) $PG

Merit Financial Group LLC grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,351 shares of the company’s stock after purchasing an additional 18,704 shares during the quarter. Merit Financial Group LLC’s holdings in Procter & Gamble were worth $44,483,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC lifted its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Finally, Basso Capital Management L.P. bought a new position in shares of Procter & Gamble during the 4th quarter valued at $28,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.3%

NYSE PG opened at $143.57 on Wednesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock has a market capitalization of $333.72 billion, a PE ratio of 21.69, a PEG ratio of 4.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The business’s 50-day moving average is $148.03 and its 200 day moving average is $148.82.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.71%.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. BNP Paribas Exane reduced their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Morgan Stanley lowered their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Piper Sandler raised their price target on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble 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.