GM Advisory Group LLC Grows Stake in Procter & Gamble Company (The) $PG

GM Advisory Group LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 15,333 shares of the company’s stock after buying an additional 95 shares during the period. GM Advisory Group LLC’s holdings in Procter & Gamble were worth $2,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its holdings in Procter & Gamble by 0.8% during the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company’s stock worth $5,051,930,000 after acquiring an additional 248,792 shares during the period. Goldman Sachs Group Inc. boosted its position in Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company’s stock valued at $2,966,252,000 after buying an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company’s stock valued at $2,911,989,000 after buying an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after purchasing an additional 2,228,151 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. BNP Paribas reissued an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Finally, UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.94.

Procter & Gamble Stock Up 1.7%

Shares of Procter & Gamble stock opened at $158.3090 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market capitalization of $370.82 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 4.11 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a 50-day simple moving average of $156.97 and a two-hundred day simple moving average of $163.13.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s payout ratio is currently 64.98%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.