Ramsay Stattman Vela & Price Inc. Has $12.12 Million Holdings in Procter & Gamble Company (The) $PG

Ramsay Stattman Vela & Price Inc. lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,572 shares of the company’s stock after acquiring an additional 5,590 shares during the period. Procter & Gamble makes up approximately 2.2% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 16th largest position. Ramsay Stattman Vela & Price Inc.’s holdings in Procter & Gamble were worth $12,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after acquiring an additional 1,419,322 shares in the last quarter. State Street Corp grew its stake in shares of Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after acquiring an additional 370,872 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Procter & Gamble by 8.3% in the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after acquiring an additional 1,752,481 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Procter & Gamble by 1.2% in the third quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock valued at $2,543,839,000 after acquiring an additional 189,968 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Procter & Gamble by 0.4% in the third quarter. Fisher Asset Management LLC now owns 11,008,454 shares of the company’s stock valued at $1,691,449,000 after acquiring an additional 40,941 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: PG is named among “15 Best Blue Chip Stocks to Buy Now,” highlighting its durable brand portfolio and defensive qualities that attract income-oriented investors. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Positive Sentiment: Macro/flow factor: commentary about a “great rotation” out of high-volatility AI names into steady dividend payers supports demand for large consumer staples like PG. The “Great Rotation” Out of Artificial Intelligence (AI) Stocks Has Arrived.
• Neutral Sentiment: Industry leadership changes at peers (Conagra naming a new CEO) are being watched by investors for demand trends in consumer foods, but this is background rather than a direct PG-specific catalyst. Conagra Hires John Brase to Replace Sean Connolly as President, CEO
• Negative Sentiment: Analyst downside: a recent note trimmed PG’s price target by $5 even as the analyst kept an Overweight rating — this tends to weigh on near-term sentiment. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Negative Sentiment: Bank of America trimmed its price target on PG to $167, signaling some analyst caution on near-term upside and contributing to selling pressure. Bank of America Cuts Procter & Gamble (NYSE:PG) Price Target to $167.00
• Negative Sentiment: Regulatory/quality risk: a Texas probe into PFAS in consumer products (reported around other apparel and food names) has drawn investor attention to similar product-marketing and ingredient issues at large consumer companies, including PG — an added near-term headwind for sentiment. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Short-term performance: coverage noted PG underperformed peers on Monday, reinforcing the view that the stock is losing some momentum amid the items above. Procter & Gamble Co. stock underperforms Monday when compared to competitors

Analyst Upgrades and Downgrades

Several research firms recently commented on PG. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Rothschild & Co Redburn increased their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.89.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider directly owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This trade represents a 25.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Procter & Gamble Stock Down 1.0%

PG stock opened at $143.66 on Tuesday. The stock has a market capitalization of $333.87 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 5.11 and a beta of 0.41. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $171.65. The firm has a 50-day moving average price of $152.85 and a 200-day moving average price of $149.15.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

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.