SVB Wealth LLC Reduces Stock Holdings in Procter & Gamble Company (The) $PG

SVB Wealth LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,372 shares of the company’s stock after selling 4,052 shares during the quarter. SVB Wealth LLC’s holdings in Procter & Gamble were worth $8,142,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Gradient Investments LLC increased its stake in shares of Procter & Gamble by 12.8% in the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after purchasing an additional 28,777 shares in the last quarter. Cibc World Market Inc. lifted its stake in shares of Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after buying an additional 147,701 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth $3,776,000. World Investment Advisors boosted its holdings in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares during the period. Finally, Hohimer Wealth Management LLC increased its stake in Procter & Gamble by 220.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 30,686 shares of the company’s stock worth $4,715,000 after buying an additional 21,100 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 2.3%

PG opened at $151.11 on Wednesday. The company has a market capitalization of $351.87 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 6.42 and a beta of 0.39. The firm has a 50-day simple moving average of $145.57 and a two-hundred day simple moving average of $147.85. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on PG. Rothschild & Co Redburn lowered their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Wells Fargo & Company increased their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Sanford C. Bernstein began coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. Finally, BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.78.

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.