Procter & Gamble Company (The) $PG Shares Sold by Forum Financial Management LP

Forum Financial Management LP cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 58.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,315 shares of the company’s stock after selling 19,083 shares during the quarter. Forum Financial Management LP’s holdings in Procter & Gamble were worth $1,923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after buying an additional 1,016 shares during the period. Auxano Advisors LLC raised its stake in shares of Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after buying an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in shares of Procter & Gamble by 2.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after buying an additional 809 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets increased their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday. Rothschild & Co Redburn dropped 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 report on Monday, April 27th. UBS Group boosted their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.47.

Procter & Gamble Stock Down 0.4%

Shares of PG opened at $148.40 on Tuesday. The stock has a 50 day moving average price of $146.05 and a 200 day moving average price of $148.08. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market capitalization of $345.57 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 6.48 and a beta of 0.39.

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

Procter & Gamble Increases Dividend

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

Procter & Gamble Company 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.