Louisiana State Employees Retirement System Invests $17.10 Million in Procter & Gamble Company (The) $PG

Louisiana State Employees Retirement System acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 118,400 shares of the company’s stock, valued at approximately $17,102,000.

A number of other hedge funds also recently modified their holdings of the business. Contravisory Investment Management Inc. lifted its position in Procter & Gamble by 5.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,510 shares of the company’s stock valued at $218,000 after acquiring an additional 77 shares in the last quarter. Fairvoy Private Wealth LLC grew its stake in Procter & Gamble by 191.9% in the first quarter. Fairvoy Private Wealth LLC now owns 16,643 shares of the company’s stock valued at $2,404,000 after purchasing an additional 10,942 shares in the last quarter. Hoxton Planning & Management LLC grew its stake in shares of Procter & Gamble by 7.9% in the first quarter. Hoxton Planning & Management LLC now owns 2,273 shares of the company’s stock valued at $328,000 after buying an additional 167 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Procter & Gamble by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 25,494 shares of the company’s stock worth $3,682,000 after purchasing an additional 79 shares during the last quarter. Finally, Norway Savings Bank increased its position in Procter & Gamble by 4.6% during the first quarter. Norway Savings Bank now owns 20,044 shares of the company’s stock worth $2,895,000 after buying an additional 874 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Jefferies Financial Group reduced their price objective on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. BNP Paribas Exane lowered their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Evercore set a $162.00 price objective on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, Bank of America cut their price target on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.

View Our Latest Report on PG

Procter & Gamble Trading Down 2.3%

PG opened at $148.58 on Friday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The company’s 50-day moving average is $145.82 and its 200 day moving average is $147.93. The firm has a market capitalization of $345.99 billion, a PE ratio of 21.72, a P/E/G ratio of 6.61 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data 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 $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same period last year, the business earned $1.54 EPS. The business’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. As a group, research analysts predict 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. Shareholders of record on Friday, April 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Procter & Gamble Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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