Texas Capital Bank Wealth Management Services Inc Takes $2.14 Million Position in Procter & Gamble Company (The) $PG

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,566 shares of the company’s stock, valued at approximately $2,136,000.

Several other large investors have also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. boosted its position in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC increased its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $26,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore set a $162.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. TD Cowen increased their target price on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Bank of America decreased their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Rothschild & Co Redburn lowered their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Finally, Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Trading Up 1.3%

Shares of NYSE PG opened at $144.77 on Friday. The stock has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. The business has a 50 day simple moving average of $147.73 and a 200 day simple moving average of $148.69. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

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

Procter & Gamble Dividend Announcement

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

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.