SBI Okasan Asset Management Co.Ltd. Buys New Shares in Procter & Gamble Company (The) $PG

SBI Okasan Asset Management Co.Ltd. bought a new stake in Procter & Gamble Company (The) (NYSE:PG) in the fourth quarter, HoldingsChannel reports. The fund bought 6,100 shares of the company’s stock, valued at approximately $882,000.

A number of other institutional investors have also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. grew its stake 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 period. Park Square Financial Group LLC grew its stake 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 period. Maseco LLP purchased a new stake in Procter & Gamble during the fourth quarter worth approximately $28,000. Saranac Partners Ltd purchased a new stake in Procter & Gamble during the third quarter worth approximately $30,000. Finally, Caitlin John LLC purchased a new stake in Procter & Gamble during the third quarter worth approximately $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Morgan Stanley decreased their price objective 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. Barclays decreased their price objective on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Rothschild & Co Redburn reduced their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.06.

Procter & Gamble Trading Down 1.6%

NYSE PG opened at $143.60 on Friday. The company’s fifty day simple moving average is $144.41 and its 200-day simple moving average is $147.89. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $170.99. 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 stock has a market cap of $334.39 billion, a P/E ratio of 20.99, a PEG ratio of 6.26 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The business’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. Equities research analysts predict that Procter & Gamble Company will post 6.91 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. Investors of record on Friday, April 24th were issued a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s dividend payout ratio is currently 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.