Smith Salley Wealth Management Grows Stock Position in Procter & Gamble Company (The) $PG

Smith Salley Wealth Management boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,735 shares of the company’s stock after acquiring an additional 5,977 shares during the quarter. Procter & Gamble accounts for about 1.2% of Smith Salley Wealth Management’s investment portfolio, making the stock its 25th largest holding. Smith Salley Wealth Management’s holdings in Procter & Gamble were worth $23,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. lifted its position in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC grew its holdings 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 purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. increased its stake in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth $26,000. Finally, Maseco LLP bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. UBS Group increased their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. Finally, Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.78.

Procter & Gamble Stock Down 1.7%

Shares of NYSE PG opened at $147.81 on Tuesday. 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 12 month low of $137.62 and a 12 month high of $167.25. The firm has a market capitalization of $344.19 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 6.54 and a beta of 0.39. The firm has a fifty day simple moving average of $145.45 and a two-hundred day simple moving average of $147.82.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. The firm 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 company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

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.