Handelsbanken Fonder AB boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 922,894 shares of the company’s stock after acquiring an additional 14,945 shares during the period. Handelsbanken Fonder AB’s holdings in Procter & Gamble were worth $132,260,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. Park Square Financial Group LLC raised 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 buying an additional 71 shares during the last quarter. Maseco LLP bought a new stake in shares of Procter & Gamble in the 4th quarter worth $28,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble in the 3rd quarter worth $30,000. Finally, Caitlin John LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
PG opened at $142.29 on Tuesday. The firm has a market cap of $331.34 billion, a P/E ratio of 20.80, a PEG ratio of 6.07 and a beta of 0.41. The firm has a 50-day moving average of $145.87 and a 200 day moving average of $148.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.99.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.
Analyst Ratings Changes
Several research firms have recently issued reports on PG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley reduced their target price on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.06.
Check Out Our Latest Stock Report on Procter & Gamble
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the transaction, the insider owned 30,215 shares in the company, valued at $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer owned 1,029 shares of the company’s stock, valued at $170,083.41. This represents a 84.36% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is owned by company insiders.
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: 24/7 Wall St. reiterated a bullish view on Procter & Gamble (PG), assigning a $163.50 price target and calling it a buy, implying meaningful upside from recent levels.
- Positive Sentiment: Brokerage coverage referenced in recent reporting shows PG with an average recommendation of “Moderate Buy,” reinforcing investor confidence in the stock’s defensive earnings profile.
- Positive Sentiment: Analyst pieces focused on Tide and Pampers suggest innovation, premiumization, and better retail execution could help revive volume growth, a potential catalyst for revenue trends. Article Title
- Positive Sentiment: P&G also launched the Elton John Impact Awards podcast special with iHeartMedia, supporting brand visibility and ESG/consumer engagement efforts. Article Title
- Positive Sentiment: A new Native product launch, the Boba Cafe Collection, highlights P&G’s ability to target younger and multicultural consumers, which could support category growth over time. Article Title
- Neutral Sentiment: Algorhythm Holdings said its freight-services contract with P&G India was expanded, but this is a logistics update and appears unlikely to materially move the parent company’s stock on its own. Article Title
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.
Read More
- Five stocks we like better than Procter & Gamble
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
