Procter & Gamble Company (The) $PG Position Trimmed by RDA Financial Network

RDA Financial Network trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 69.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,696 shares of the company’s stock after selling 3,849 shares during the period. RDA Financial Network’s holdings in Procter & Gamble were worth $249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PG. Boltwood Capital Management boosted its holdings in shares of Procter & Gamble by 1.3% in the 2nd quarter. Boltwood Capital Management now owns 14,131 shares of the company’s stock valued at $2,072,000 after buying an additional 179 shares during the period. Versant Capital Management Inc raised its stake in Procter & Gamble by 2.6% during the second quarter. Versant Capital Management Inc now owns 9,931 shares of the company’s stock worth $1,456,000 after acquiring an additional 251 shares during the period. Miller Global Investments LLC lifted its holdings in Procter & Gamble by 34.0% in the second quarter. Miller Global Investments LLC now owns 315 shares of the company’s stock worth $46,000 after acquiring an additional 80 shares during the last quarter. Adelphi Trust Co lifted its holdings in Procter & Gamble by 11.6% in the second quarter. Adelphi Trust Co now owns 6,074 shares of the company’s stock worth $891,000 after acquiring an additional 631 shares during the last quarter. Finally, Eastern Bank boosted its stake in Procter & Gamble by 4.2% in the second quarter. Eastern Bank now owns 427,106 shares of the company’s stock valued at $62,631,000 after acquiring an additional 17,156 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. Raymond James Financial reduced their price objective on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets upped their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Piper Sandler increased their target price on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, BNP Paribas Exane cut their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Stock Up 2.1%

NYSE:PG opened at $147.99 on Wednesday. The business’s fifty day moving average price is $147.81 and its 200 day moving average price is $148.97. The firm has a market capitalization of $344.61 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 4.45 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.71%.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Strategic acquisition strengthens growth prospects. Thorne will complement P&G’s existing health brands, including Metamucil, Align Probiotic and New Chapter, while adding exposure to the premium wellness market. The deal is expected to close later this year. L Catterton Announces Sale of Thorne to The Procter & Gamble Company for $3.8 Billion
• Positive Sentiment: Management is emphasizing healthcare growth. CEO Shailesh Jejurikar said the Thorne purchase is intended to grow P&G’s health business, and reports characterized the asset as a strong strategic fit. Investors may view the move as a way to diversify beyond slower-growing household and personal-care categories. Procter & Gamble will acquire supplements brand Thorne
• Positive Sentiment: Input-cost pressure may be easing. Coverage points to cooling commodity and other input pressures, which could provide some relief to margins if the trend continues. Why Is Procter & Gamble in Focus as Input Pressures Cool?

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.