Folger Nolan Fleming Douglas Capital Management Inc. Acquires 51,443 Shares of Procter & Gamble Company (The) $PG

Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 44.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,656 shares of the company’s stock after purchasing an additional 51,443 shares during the quarter. Procter & Gamble comprises about 2.2% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Procter & Gamble were worth $24,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SevenBridge Financial Group LLC grew its holdings in Procter & Gamble by 12.1% during the first quarter. SevenBridge Financial Group LLC now owns 38,592 shares of the company’s stock valued at $5,513,000 after purchasing an additional 4,177 shares during the period. Master S Wealth Management Inc. boosted its position in shares of Procter & Gamble by 6.6% during the first quarter. Master S Wealth Management Inc. now owns 3,528 shares of the company’s stock worth $510,000 after purchasing an additional 218 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Procter & Gamble by 6.7% during the first quarter. SJS Investment Consulting Inc. now owns 8,168 shares of the company’s stock worth $1,180,000 after acquiring an additional 510 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its position in shares of Procter & Gamble by 30.3% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 7,952 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,848 shares during the period. Finally, Private Wealth Management Group LLC boosted its holdings in shares of Procter & Gamble by 5.4% in the first quarter. Private Wealth Management Group LLC now owns 3,521 shares of the company’s stock valued at $509,000 after buying an additional 179 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.4%

Shares of NYSE:PG opened at $148.40 on Tuesday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a market capitalization of $345.57 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 6.48 and a beta of 0.39. The company has a 50-day simple moving average of $146.05 and a 200 day simple moving average of $148.08. 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 posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same period in the previous year, the firm earned $1.54 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Royal Bank Of Canada lowered their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Raymond James Financial dropped their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Barclays cut their target price on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Finally, Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.47.

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.