OP Asset Management Ltd bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm bought 34,141 shares of the company’s stock, valued at approximately $4,931,000.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $4,664,783,000. Cardano Risk Management B.V. increased its position in shares of Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after purchasing an additional 8,731,126 shares during the last quarter. Auto Owners Insurance Co raised its stake in Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after purchasing an additional 3,524,876 shares in the last quarter. Vanguard Group Inc. lifted its position in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Procter & Gamble by 100.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after purchasing an additional 2,741,924 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Performance
Procter & Gamble stock opened at $149.49 on Friday. The firm has a fifty day simple moving average of $145.94 and a two-hundred day simple moving average of $147.95. 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 twelve month low of $137.62 and a twelve month high of $167.25. The company has a market capitalization of $348.11 billion, a PE ratio of 21.86, a P/E/G ratio of 6.46 and a beta of 0.39.
Procter & Gamble Increases Dividend
The business also recently declared 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 of this dividend was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is presently 63.60%.
Analyst Ratings Changes
A number of brokerages have recently commented on PG. Raymond James Financial decreased their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. The Goldman Sachs Group cut their target price on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. reduced 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. Finally, Morgan Stanley dropped their price target on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.00.
Read Our Latest Stock Analysis on Procter & Gamble
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Jefferies raised its price target on Procter & Gamble to $179 from $177 and reiterated a Buy rating, implying notable upside versus the current trading level. Jefferies adjusts price target on Procter & Gamble to $179 from $177, maintains Buy rating
- Positive Sentiment: P&G’s Native personal-care brand announced new product launches, including a detoxifying body scrub collection and upgraded deodorant and body wash offerings, which may support growth in its beauty and grooming portfolio. Native Shakes Up the Body Care Category with New Detoxifying Body Scrub Collection Native Launches Reformulated Deodorant and Body Washes with Enhanced Performance and Improved Formulations
- Neutral Sentiment: Procter & Gamble Hygiene & Health Care shut its trading window ahead of quarterly results, a routine corporate action that does not directly affect the U.S.-listed parent’s fundamentals. P&G Hygiene & Health Care shuts trading window ahead of Q1 FY27 results
- Negative Sentiment: Earlier coverage highlighted that PG fell more than the broader market in the prior session, suggesting some short-term pressure remained despite the upbeat analyst call. Here’s Why Procter & Gamble (PG) Fell More Than Broader Market
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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