74,029 Shares in Procter & Gamble Company (The) $PG Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 74,029 shares of the company’s stock, valued at approximately $10,856,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Carson Advisory Inc. lifted its holdings in shares of Procter & Gamble by 0.5% in 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 in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 worth $549,000 after buying an additional 67 shares during the period. Cowa LLC grew its holdings in shares of Procter & Gamble by 2.4% during the fourth 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. KLCM Advisors Inc. raised 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 valued at $1,140,000 after buying an additional 70 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC raised its position in Procter & Gamble by 1.6% in the 4th quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company’s stock valued at $639,000 after buying an additional 71 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Rothschild & Co Redburn reduced their price target on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday. Citigroup cut their price objective on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Piper Sandler raised their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $144.77 on Friday. The business’s 50 day moving average price is $147.73 and its two-hundred day moving average price is $148.69. The company has a market cap of $336.51 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.71%.

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.