Journey Advisory Group LLC Lowers Position in Procter & Gamble Company (The) $PG

Journey Advisory Group LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 163,643 shares of the company’s stock after selling 10,847 shares during the period. Procter & Gamble comprises 2.0% of Journey Advisory Group LLC’s holdings, making the stock its 8th biggest position. Journey Advisory Group LLC’s holdings in Procter & Gamble were worth $23,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. Peninsula Asset Management Inc. increased its stake in Procter & Gamble by 24.6% during the 1st quarter. Peninsula Asset Management Inc. now owns 5,072 shares of the company’s stock worth $733,000 after acquiring an additional 1,000 shares during the period. Harmony Asset Management LLC lifted its position in shares of Procter & Gamble by 47.8% during the 1st quarter. Harmony Asset Management LLC now owns 2,664 shares of the company’s stock valued at $385,000 after acquiring an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Procter & Gamble during the 1st quarter valued at $198,000. NFSG Corp grew its holdings in shares of Procter & Gamble by 1.3% during the 1st quarter. NFSG Corp now owns 11,474 shares of the company’s stock worth $1,657,000 after purchasing an additional 144 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Procter & Gamble by 0.3% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,541 shares of the company’s stock worth $4,843,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Bank of America dropped their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada decreased their target price on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.42.

Get Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $147.93 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The stock has a market cap of $344.46 billion, a PE ratio of 21.63, a P/E/G ratio of 7.11 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The business’s 50-day moving average price is $146.63 and its two-hundred day moving average price is $148.48.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s revenue for the quarter 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 expect that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be paid a $1.0885 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Procter & Gamble Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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