Matrix Asset Advisors Inc. NY Has $7.35 Million Stock Position in Procter & Gamble Company (The) $PG

Matrix Asset Advisors Inc. NY lifted its position in Procter & Gamble Company (The) (NYSE:PG) by 2,220.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,911 shares of the company’s stock after buying an additional 48,717 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Procter & Gamble were worth $7,354,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Carson Advisory Inc. grew its stake in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after acquiring an additional 65 shares during the period. Trilogy Capital Inc. raised its position in shares of Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after purchasing an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after purchasing an additional 68 shares in the last quarter. Finally, Grant Street Asset Management Inc. grew its position in shares of Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen increased their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. UBS Group lifted their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Barclays reduced their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.00.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Jefferies raised its price target on Procter & Gamble to $179 from $177 and reiterated a Buy rating, implying notable upside versus the current trading level. Jefferies adjusts price target on Procter & Gamble to $179 from $177, maintains Buy rating
• Positive Sentiment: P&G’s Native personal-care brand announced new product launches, including a detoxifying body scrub collection and upgraded deodorant and body wash offerings, which may support growth in its beauty and grooming portfolio. Native Shakes Up the Body Care Category with New Detoxifying Body Scrub Collection Native Launches Reformulated Deodorant and Body Washes with Enhanced Performance and Improved Formulations
• Neutral Sentiment: Procter & Gamble Hygiene & Health Care shut its trading window ahead of quarterly results, a routine corporate action that does not directly affect the U.S.-listed parent’s fundamentals. P&G Hygiene & Health Care shuts trading window ahead of Q1 FY27 results
• Negative Sentiment: Earlier coverage highlighted that PG fell more than the broader market in the prior session, suggesting some short-term pressure remained despite the upbeat analyst call. Here’s Why Procter & Gamble (PG) Fell More Than Broader Market

Procter & Gamble Stock Up 0.3%

NYSE:PG opened at $149.49 on Monday. The stock has a 50-day simple moving average of $145.94 and a 200 day simple moving average of $148.01. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a market cap of $348.11 billion, a PE ratio of 21.86, a PEG ratio of 6.48 and a beta of 0.39. 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 (NYSE:PG) last released its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s quarterly revenue 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. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a $1.0885 dividend. 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 dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is presently 63.60%.

Procter & Gamble Company 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.