Pacer Advisors Inc. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,081 shares of the company’s stock after acquiring an additional 42,036 shares during the period. Pacer Advisors Inc.’s holdings in Procter & Gamble were worth $33,116,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Carson Advisory Inc. lifted its position in Procter & Gamble by 0.5% during the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after buying an additional 65 shares in the last quarter. Trilogy Capital Inc. raised its holdings in shares of Procter & Gamble by 1.1% during the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after acquiring an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. increased its position in Procter & Gamble by 2.7% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after purchasing an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. raised its stake in Procter & Gamble by 2.7% during the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after purchasing an additional 69 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on PG shares. The Goldman Sachs Group reduced their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Raymond James Financial reduced their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Rothschild & Co Redburn lowered their price target on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Evercore set a $162.00 price objective on Procter & Gamble in a research report on Monday, April 27th. Finally, TD Cowen boosted their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.
Procter & Gamble Stock Performance
NYSE:PG opened at $150.85 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 quick ratio of 0.53 and a current ratio of 0.73. The company has a 50 day moving average price of $145.43 and a 200 day moving average price of $147.80. The stock has a market capitalization of $351.26 billion, a P/E ratio of 22.05, a PEG ratio of 6.54 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is currently 63.60%.
Procter & Gamble 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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