Procter & Gamble Company (The) $PG Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,767,050 shares of the company’s stock after buying an additional 107,640 shares during the period. First Trust Advisors LP’s holdings in Procter & Gamble were worth $255,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp grew its holdings in shares of Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after buying an additional 984,102 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after buying an additional 1,974,556 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after buying an additional 1,091,091 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

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Wall Street Analyst Weigh In

PG has been the subject of several research reports. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Morgan Stanley decreased their target price 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. Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. Sanford C. Bernstein assumed coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.74.

View Our Latest Research Report on Procter & Gamble

Procter & Gamble Price Performance

Procter & Gamble stock opened at $149.19 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $147.13 and a 200 day moving average price of $148.67. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The stock has a market cap of $347.42 billion, a P/E ratio of 21.81, a PEG ratio of 7.37 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. Procter & Gamble’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts anticipate that Procter & Gamble Company will post 6.88 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Procter & Gamble Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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