26,086 Shares in Procter & Gamble Company (The) $PG Purchased by R.H. Investment Group LLC

R.H. Investment Group LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,086 shares of the company’s stock, valued at approximately $3,825,000. Procter & Gamble comprises 2.9% of R.H. Investment Group LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds have also made changes to their positions in the company. Carson Advisory Inc. raised its position in shares of Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after buying an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after acquiring an additional 67 shares during the period. Cowa LLC increased its stake in 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 acquiring an additional 70 shares during the last quarter. KLCM Advisors Inc. increased its stake in Procter & Gamble by 0.9% during the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock worth $1,140,000 after acquiring an additional 70 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC raised its position in Procter & Gamble by 1.6% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company’s stock valued at $639,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Evercore set a $162.00 price target on Procter & Gamble in a research note on Monday, April 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday. TD Cowen boosted their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. BMO Capital Markets upped their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently 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 stock’s 50-day moving average is $147.73 and its two-hundred day moving average is $148.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.39.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

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.