Evansbrook LLC Takes Position in Procter & Gamble Company (The) $PG

Evansbrook LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,518 shares of the company’s stock, valued at approximately $934,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $26,000. Park Square Financial Group LLC grew its stake in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in Procter & Gamble by 1,315.4% in 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 in the last quarter. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble in the fourth quarter valued at about $28,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.2%

NYSE:PG opened at $150.85 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock has a market cap of $351.26 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 6.55 and a beta of 0.39. The business has a fifty day moving average of $145.31 and a 200-day moving average of $147.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on PG shares. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective on the stock. Evercore set a $162.00 price target on Procter & Gamble in a report on Monday, April 27th. Barclays dropped their price target on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. UBS Group raised their price objective on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Morgan Stanley decreased their price objective on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Eleven research analysts have rated the stock with a Buy rating and ten have issued 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 $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.