Phillips Wealth Planners LLC Purchases Shares of 6,892 Procter & Gamble Company (The) $PG

Phillips Wealth Planners LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,892 shares of the company’s stock, valued at approximately $1,053,000.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its stake in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC raised its holdings in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $26,000. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble in the fourth quarter valued at $28,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Rothschild & Co Redburn dropped their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Piper Sandler boosted their price target on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, UBS Group raised their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble Trading Up 1.3%

Shares of NYSE PG opened at $144.77 on Friday. 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 business’s 50 day moving average price is $147.73 and its 200-day moving average price is $148.69. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39.

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

Procter & Gamble Announces Dividend

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

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.