Purpose Unlimited Inc. Buys Shares of 62,160 Procter & Gamble Company (The) $PG

Purpose Unlimited Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 62,160 shares of the company’s stock, valued at approximately $8,908,000.

Several other institutional investors also recently modified their holdings of PG. Carson Advisory Inc. boosted its holdings in shares of Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after acquiring an additional 65 shares in the last quarter. Trilogy Capital Inc. increased its holdings in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after purchasing an additional 67 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares in the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in Procter & Gamble by 2.7% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after purchasing an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. boosted its stake in shares of Procter & Gamble by 2.7% during the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after purchasing an additional 69 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.3%

NYSE PG opened at $150.85 on Friday. The business’s 50-day moving average price is $145.43 and its two-hundred day moving average price is $147.80. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm has a market capitalization of $351.26 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 6.54 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Analysts Set New Price Targets

PG has been the topic of several research reports. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Rothschild & Co Redburn dropped their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Piper Sandler upped their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $160.78.

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.