Wealthfront Advisers LLC Increases Position in Procter & Gamble Company (The) $PG

Wealthfront Advisers LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,968 shares of the company’s stock after acquiring an additional 4,099 shares during the period. Wealthfront Advisers LLC’s holdings in Procter & Gamble were worth $36,105,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 worth $25,000 after acquiring an additional 150 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $26,000. Park Square Financial Group LLC raised its stake in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. boosted its holdings in 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 during the last quarter. Finally, Basso Capital Management L.P. purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price 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. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The firm has a market cap of $344.46 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 7.11 and a beta of 0.39. The company’s 50 day moving average is $146.63 and its two-hundred day moving average is $148.48.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data 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 business had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter last year, the business posted $1.54 EPS. 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. On average, research analysts expect that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be given a $1.0885 dividend. The ex-dividend date of this dividend is Friday, July 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

A number of research analysts recently commented on the company. Jefferies Financial Group upped their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. BMO Capital Markets lifted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Raymond James Financial lowered their price target on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.42.

View Our Latest Stock Analysis on Procter & Gamble

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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.

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

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