Procter & Gamble Company (The) $PG Holdings Raised by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 6.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 303,351 shares of the company’s stock after purchasing an additional 18,704 shares during the quarter. Merit Financial Group LLC’s holdings in Procter & Gamble were worth $44,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Carson Advisory Inc. increased its holdings in shares of Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after purchasing an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after purchasing an additional 67 shares in the last quarter. Grant Street Asset Management Inc. increased its stake in Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after buying an additional 69 shares during the period. Cowa LLC lifted its position in Procter & Gamble by 2.4% in the 4th quarter. Cowa LLC now owns 2,985 shares of the company’s stock worth $428,000 after buying an additional 70 shares in the last quarter. Finally, KLCM Advisors Inc. lifted its position in Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock worth $1,140,000 after buying an additional 70 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

PG opened at $144.47 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market cap of $335.82 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 4.42 and a beta of 0.39. The stock has a 50-day moving average of $147.94 and a 200-day moving average of $148.78. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s payout ratio is presently 65.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America lowered their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Jefferies Financial Group boosted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. TD Cowen upped their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company raised their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

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.