Procter & Gamble Company (The) $PG Stock Position Lessened by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,538 shares of the company’s stock after selling 38,006 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Procter & Gamble were worth $40,698,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 valued at $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC lifted its stake 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 period. Evolution Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.1%

Shares of NYSE:PG opened at $144.77 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a 50 day moving average price of $147.73 and a 200 day moving average price of $148.66.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is 65.71%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein began coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target on the stock. BMO Capital Markets boosted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.52.

About Procter & Gamble

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.