Greenwood Capital Associates LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 227.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,252 shares of the company’s stock after buying an additional 8,512 shares during the period. Greenwood Capital Associates LLC’s holdings in Procter & Gamble were worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the business. Gradient Investments LLC grew its holdings in Procter & Gamble by 12.8% during the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after purchasing an additional 28,777 shares during the period. Cibc World Market Inc. raised its stake in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after buying an additional 147,701 shares during the period. World Investment Advisors raised its stake in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares during the period. Distillate Capital Partners LLC lifted its position in shares of Procter & Gamble by 12.9% during the 3rd quarter. Distillate Capital Partners LLC now owns 255,447 shares of the company’s stock valued at $39,255,000 after buying an additional 29,254 shares in the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares during the period. 65.77% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently issued reports on PG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Rothschild & Co Redburn dropped their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Barclays lowered their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.47.
Procter & Gamble Trading Down 2.7%
PG stock opened at $148.58 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The business has a 50 day simple moving average of $146.61 and a two-hundred day simple moving average of $148.36. The company has a market capitalization of $345.97 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 6.50 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter last year, the business posted $1.54 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Procter & Gamble Company will post 6.9 EPS for the current fiscal year.
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 issued a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is presently 63.60%.
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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