Opal Capital LLC acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,088 shares of the company’s stock, valued at approximately $3,808,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in 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 buying an additional 2,829,151 shares during the last quarter. State Street Corp grew its stake in Procter & Gamble by 1.0% during the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after buying an additional 984,102 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 buying an additional 1,974,556 shares during the last quarter. Norges Bank bought a new position in Procter & Gamble during the 4th quarter worth $4,664,783,000. Finally, Franklin Resources Inc. grew its stake in Procter & Gamble by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock worth $3,421,122,000 after buying an additional 1,021,833 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
PG has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Barclays lowered their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group decreased their price target on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.
Procter & Gamble Trading Up 1.3%
Shares of PG stock opened at $152.38 on Wednesday. The stock has a 50-day simple moving average of $144.96 and a 200 day simple moving average of $147.75. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market capitalization of $354.83 billion, a P/E ratio of 22.28, a P/E/G ratio of 6.54 and a beta of 0.39. 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 (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 business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter last year, the business posted $1.54 earnings per share. The company’s quarterly 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. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently announced 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. 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 dividend payout ratio (DPR) is currently 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.
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