Massachusetts Financial Services Co. MA Increases Position in Procter & Gamble Company (The) $PG

Massachusetts Financial Services Co. MA increased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,469,018 shares of the company’s stock after purchasing an additional 6,949 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Procter & Gamble were worth $225,715,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $25,000. Signature Resources Capital Management LLC raised its position in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the period. Corundum Trust Company INC acquired a new position in Procter & Gamble during the third quarter worth $32,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble during the second quarter valued at $34,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays set a $155.00 price target on shares of Procter & Gamble in a research note on Friday. Raymond James Financial reduced their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Piper Sandler initiated coverage on Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target on the stock. BNP Paribas Exane reduced their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group lowered their target price on shares of Procter & Gamble from $176.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Fifteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.36.

Insiders Place Their Bets

In other news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. This represents a 42.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $144.55 on Tuesday. The business’s 50 day moving average price is $144.70 and its 200 day moving average price is $150.79. The company has a market cap of $337.77 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 4.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is 61.75%.

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.