Hilltop Partners LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 46.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,675 shares of the company’s stock after purchasing an additional 8,481 shares during the quarter. Procter & Gamble accounts for about 1.0% of Hilltop Partners LLC’s portfolio, making the stock its 28th largest position. Hilltop Partners LLC’s holdings in Procter & Gamble were worth $3,823,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. State Street Corp raised its position in shares of Procter & Gamble by 0.4% during the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after acquiring an additional 370,872 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Procter & Gamble by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Procter & Gamble by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock worth $2,543,839,000 after acquiring an additional 189,968 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. TD Cowen raised their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Raymond James Financial cut their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Finally, Jefferies Financial Group cut their target price on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $161.06.
Procter & Gamble Trading Down 1.6%
Shares of PG stock opened at $143.60 on Friday. The business’s 50 day moving average is $144.41 and its two-hundred day moving average is $147.89. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99. The company has a market capitalization of $334.39 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 6.26 and a beta of 0.41. 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 (NYSE:PG – Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating 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 company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same period last year, the business posted $1.54 EPS. The company’s revenue 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 analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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. The ex-dividend date was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. 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.
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