WBH Advisory Inc. Reduces Stake in Procter & Gamble Company (The) $PG

WBH Advisory Inc. lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,876 shares of the company’s stock after selling 6,038 shares during the period. WBH Advisory Inc.’s holdings in Procter & Gamble were worth $4,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its position in Procter & Gamble by 12.8% during the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after buying an additional 28,777 shares during the last quarter. Cibc World Market Inc. boosted its holdings 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 valued at $73,351,000 after acquiring an additional 147,701 shares in the last quarter. World Investment Advisors increased its stake in shares of Procter & Gamble by 15.9% during the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after acquiring an additional 14,492 shares during the period. Bell Asset Management Ltd acquired a new position in shares of Procter & Gamble during the third quarter worth about $5,054,000. Finally, Truepoint Inc. raised its holdings in Procter & Gamble by 12.3% during the third quarter. Truepoint Inc. now owns 129,017 shares of the company’s stock worth $19,823,000 after purchasing an additional 14,116 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Barclays lowered their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. BNP Paribas Exane reduced their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group decreased their price target on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, TD Cowen upped their price objective on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.47.

Procter & Gamble Trading Down 0.1%

Shares of PG opened at $151.30 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. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The stock has a market cap of $352.32 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 6.44 and a beta of 0.39. The firm has a 50 day simple moving average of $146.45 and a 200-day simple moving average of $148.25.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.9 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

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

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.