TrueMark Investments LLC Raises Stock Position in Procter & Gamble Company (The) $PG

TrueMark Investments LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 43.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,083 shares of the company’s stock after purchasing an additional 8,817 shares during the period. TrueMark Investments LLC’s holdings in Procter & Gamble were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Park Square Financial Group LLC boosted its stake in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings in Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $26,000. Finally, Maseco LLP purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $152.13 on Thursday. The stock has a market capitalization of $354.26 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 6.56 and a beta of 0.39. The stock has a 50-day moving average of $145.74 and a 200 day moving average of $147.90. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is 63.60%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Cowen boosted their price target on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Rothschild & Co Redburn decreased their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Sanford C. Bernstein began coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target on the stock. Finally, Bank of America dropped their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.