HBK Sorce Advisory LLC Grows Stock Position in Procter & Gamble Company (The) $PG

HBK Sorce Advisory LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 68,227 shares of the company’s stock after buying an additional 5,382 shares during the period. HBK Sorce Advisory LLC’s holdings in Procter & Gamble were worth $10,860,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Triodos Investment Management BV increased its stake in shares of Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after purchasing an additional 17,400 shares in the last quarter. Vanguard Group Inc. grew its holdings in Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after purchasing an additional 1,419,322 shares during the period. Strengthening Families & Communities LLC grew its holdings in Procter & Gamble by 820.6% in the third quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company’s stock valued at $2,308,000 after purchasing an additional 13,195 shares during the period. Heritage Wealth Management Inc. grew its holdings in Procter & Gamble by 32.7% in the third quarter. Heritage Wealth Management Inc. now owns 150,814 shares of the company’s stock valued at $23,173,000 after purchasing an additional 37,198 shares during the period. Finally, Gradient Investments LLC grew its holdings in Procter & Gamble by 12.8% in the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after purchasing an additional 28,777 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $144.50 on Monday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99. The stock has a 50 day moving average of $144.93 and a two-hundred day moving average of $147.95. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm has a market cap of $336.49 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 6.19 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same period in the previous year, the business earned $1.54 EPS. Procter & Gamble’s quarterly revenue was up 7.4% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed 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 is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Analyst Ratings Changes

Several analysts have commented on PG shares. UBS Group raised their price objective on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a report on Monday, April 27th. Evercore set a $162.00 price objective on Procter & Gamble in a report on Monday, April 27th. Bank of America dropped their price objective on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group dropped their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, Wells Fargo & Company raised their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.06.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. The trade was a 84.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.