Private Advisor Group LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,034 shares of the company’s stock after selling 9,724 shares during the period. Private Advisor Group LLC’s holdings in Procter & Gamble were worth $52,725,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC grew its holdings in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. raised its position in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at about $26,000. Finally, Maseco LLP bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $28,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Price Performance
Shares of NYSE:PG opened at $151.30 on Friday. The company’s fifty day moving average is $146.28 and its two-hundred day moving average is $148.23. The company has a market cap of $352.32 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 6.27 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. 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 Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is currently 63.60%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Rothschild & Co Redburn reduced their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada reduced their price objective on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Finally, TD Cowen upped their target price on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Twelve investment 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 has an average rating of “Moderate Buy” and a consensus target price of $161.47.
Read Our Latest Analysis on Procter & Gamble
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble is being highlighted as potentially undervalued after its 70th dividend increase, with some commentary suggesting the stock may still have upside despite its premium valuation. Procter & Gamble (PG) Stock May Be 21% Undervalued Following Its 70th Dividend Increase
- Positive Sentiment: The company continues to draw attention as a long-term dividend-growth stock, which can appeal to income-focused investors and support demand for the shares. Here’s How Much You Need to Replace $70,000 in Salary With Dividend Income
- Neutral Sentiment: Procter & Gamble scheduled an earnings webcast discussion, keeping investor attention on upcoming guidance and any updates on demand, margins, and pricing power. Procter & Gamble (NYSE:PG) Schedules Earnings Webcast Discussion
- Neutral Sentiment: Articles on the stock’s “quality” and long dividend history suggest the market still views PG as a stable, reliable holding, but also note that the valuation leaves limited room for error. Procter & Gamble: Quality Priced In, Patience Now Required
- Neutral Sentiment: Another analysis emphasized Procter & Gamble’s 70 years of dividend growth, but cautioned that there may be little room for operational missteps at current levels. Procter & Gamble: 70 Years Of Dividend Growth, But Little Room For Error
- Negative Sentiment: Piper Sandler reportedly rated Procter & Gamble a Hold, reflecting a more cautious view on near-term upside after the stock’s recent run. Procter & Gamble (PG) Receives a Hold from Piper Sandler
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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