Hoertkorn Richard Charles Has $2.82 Million Stock Holdings in Procter & Gamble Company (The) $PG

Hoertkorn Richard Charles lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 69.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,532 shares of the company’s stock after selling 43,845 shares during the period. Procter & Gamble accounts for about 2.3% of Hoertkorn Richard Charles’ holdings, making the stock its 15th biggest position. Hoertkorn Richard Charles’ holdings in Procter & Gamble were worth $2,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Carson Advisory Inc. boosted its position in Procter & Gamble by 0.5% during the fourth 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 last quarter. Trilogy Capital Inc. increased its position in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after purchasing an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares in the last quarter. Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after buying an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% during 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 last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 2.7%

PG opened at $148.58 on Thursday. The business has a 50 day moving average price of $146.61 and a 200 day moving average price of $148.36. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a market cap of $345.97 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 6.50 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating 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 $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter last year, the company posted $1.54 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Procter & Gamble Company will post 6.9 EPS for the current 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 $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Bank of America decreased their target price on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.