Evelyn Partners Investment Management Services Ltd Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Evelyn Partners Investment Management Services Ltd lessened its position in Procter & Gamble Company (The) (NYSE:PG) by 26.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,447 shares of the company’s stock after selling 7,871 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Procter & Gamble were worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cibc World Market Inc. raised its stake in Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after buying an additional 147,701 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after acquiring an additional 14,492 shares during the period. Resources Management Corp CT ADV raised its stake in Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Indivisible Partners purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $2,120,000. Finally, MOR Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $1,975,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.8%

Shares of PG opened at $148.66 on Tuesday. The stock has a market cap of $346.17 billion, a PE ratio of 21.73, a P/E/G ratio of 7.33 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 stock’s 50-day moving average is $147.46 and its two-hundred day moving average is $148.82. 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 issued 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 net margin of 19.16% and a return on equity of 32.00%. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter last year, the company earned $1.54 earnings per share. Procter & Gamble’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. TD Cowen boosted their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Piper Sandler raised their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. BNP Paribas Exane cut their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein assumed coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.74.

Procter & Gamble Company 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.