Procter & Gamble Company (The) $PG Stake Reduced by James J. Burns & Company LLC

James J. Burns & Company LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 31.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,255 shares of the company’s stock after selling 3,846 shares during the quarter. James J. Burns & Company LLC’s holdings in Procter & Gamble were worth $1,192,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $25,000 after acquiring an additional 150 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $26,000. Park Square Financial Group LLC boosted its stake 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 purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% in the 4th 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 last quarter. Finally, Basso Capital Management L.P. bought a new position in Procter & Gamble in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 1.7%

Procter & Gamble stock opened at $147.81 on Tuesday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $344.19 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 6.54 and a beta of 0.39. The firm has a 50 day simple moving average of $145.45 and a 200-day simple moving average of $147.82.

Procter & Gamble (NYSE:PG) last announced its earnings results 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 firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. The Goldman Sachs Group decreased their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. BNP Paribas Exane lowered their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein began coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target for the company. Finally, Evercore set a $162.00 price target on Procter & Gamble in a research note on Monday, April 27th. Eleven 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.

Procter & Gamble 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.