Kovitz Investment Group Partners LLC Cuts Stake in Procter & Gamble Company (The) $PG

Kovitz Investment Group Partners LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 86.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,945 shares of the company’s stock after selling 161,765 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Procter & Gamble were worth $3,575,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Triodos Investment Management BV lifted its holdings in shares of Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after acquiring an additional 17,400 shares during the last quarter. Gradient Investments LLC grew its position in Procter & Gamble by 12.8% in the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after acquiring an additional 28,777 shares in the last quarter. Fiera Capital Corp increased its stake in Procter & Gamble by 20.3% during the third quarter. Fiera Capital Corp now owns 53,128 shares of the company’s stock worth $8,163,000 after acquiring an additional 8,961 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in Procter & Gamble during the third quarter valued at approximately $3,776,000. Finally, Cibc World Market Inc. raised its position in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after purchasing an additional 147,701 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.3%

PG stock opened at $150.85 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm’s 50-day moving average is $145.43 and its 200 day moving average is $147.80. The company has a market capitalization of $351.26 billion, a PE ratio of 22.05, a P/E/G ratio of 6.54 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53.

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, beating 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 company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’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. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on PG shares. Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. UBS Group increased their price target on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Bank of America dropped their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective 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. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.78.

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.