Procter & Gamble Company (The) $PG Shares Acquired by Wealthquest Corp

Wealthquest Corp lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 194,479 shares of the company’s stock after purchasing an additional 7,656 shares during the period. Procter & Gamble comprises about 2.0% of Wealthquest Corp’s holdings, making the stock its 14th largest position. Wealthquest Corp’s holdings in Procter & Gamble were worth $28,091,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Stillwater Private Wealth LLC purchased a new position in Procter & Gamble in the first quarter valued at $302,000. DV Trading LLC lifted its holdings in Procter & Gamble by 217.0% during the 1st quarter. DV Trading LLC now owns 1,902 shares of the company’s stock worth $275,000 after buying an additional 1,302 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Procter & Gamble by 2.4% during the 1st quarter. Parallel Advisors LLC now owns 61,069 shares of the company’s stock worth $8,821,000 after acquiring an additional 1,420 shares in the last quarter. Caerus Investment Advisors LLC boosted its position in shares of Procter & Gamble by 149.9% during the 1st quarter. Caerus Investment Advisors LLC now owns 3,964 shares of the company’s stock worth $573,000 after acquiring an additional 2,378 shares in the last quarter. Finally, First Nebraska Trust Co purchased a new position in shares of Procter & Gamble in the 1st quarter valued at about $2,161,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble News Roundup

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

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Procter & Gamble Stock Performance

NYSE PG opened at $144.62 on Friday. The firm has a market cap of $336.77 billion, a P/E ratio of 21.85, a P/E/G ratio of 7.23 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The business’s 50-day moving average price is $147.71 and its 200 day moving average price is $148.92. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. Piper Sandler raised their target price on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. HSBC restated a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday. Evercore set a $162.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.