Dickmeyer Boyce Financial Management Inc. Buys New Stake in Procter & Gamble Company (The) $PG

Dickmeyer Boyce Financial Management Inc. purchased a new position in Procter & Gamble Company (The) (NYSE:PG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $1,444,000.

Several other institutional investors have also bought and sold shares of PG. Cibc World Market Inc. raised its stake in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares during the last quarter. World Investment Advisors raised its position in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Indivisible Partners acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $2,120,000. Finally, MOR Wealth Management LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $1,975,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PG shares. Sanford C. Bernstein assumed coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. Piper Sandler upped their price objective on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Rothschild & Co Redburn lowered their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $161.74.

Procter & Gamble Price Performance

Shares of PG stock opened at $146.94 on Friday. 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 company has a market capitalization of $342.16 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 7.42 and a beta of 0.39. The firm’s 50-day moving average is $147.22 and its two-hundred day moving average is $148.71. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS. Analysts predict that Procter & Gamble Company will post 6.88 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Key Procter & Gamble News

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

• Neutral Sentiment: Procter & Gamble is approaching Q4 earnings, and investors are watching for signs of continued sales growth, but also for evidence that cost pressures and tariffs are squeezing margins. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Neutral Sentiment: Analysts are warning that PG may report lower earnings, and the market appears cautious heading into the release because the setup does not clearly favor an earnings beat. Analysts Estimate Procter & Gamble (PG) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Another preview piece echoed the same message: investors are waiting for Q4 results, with sales growth expected but margin and cost challenges still front and center. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Positive Sentiment: PG may still appeal to defensive investors if market volatility continues, with one article suggesting the consumer staples name could benefit as money rotates out of high-growth sectors. As the AI Selloff Worsens, Time-Tested Procter & Gamble Stock Could Be the Biggest Winner
• Positive Sentiment: Procter & Gamble also highlighted a new Swiffer Lemon Duster product, reinforcing its innovation pipeline and brand strength in household products. New Swiffer Lemon Duster Delivers Fresh Scent of Clean with No Spray Required

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.