Bowen Hanes & Co. Inc. Acquires 35,325 Shares of Procter & Gamble Company (The) $PG

Bowen Hanes & Co. Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,943 shares of the company’s stock after buying an additional 35,325 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Procter & Gamble were worth $53,146,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Dickmeyer Boyce Financial Management Inc. purchased a new position in Procter & Gamble in the 1st quarter valued at approximately $1,444,000. Gibbs Wealth Management lifted its position in shares of Procter & Gamble by 97.6% during the first quarter. Gibbs Wealth Management now owns 5,697 shares of the company’s stock worth $823,000 after acquiring an additional 2,814 shares in the last quarter. Sei Investments Co. lifted its position in shares of Procter & Gamble by 20.4% during the first quarter. Sei Investments Co. now owns 1,345,183 shares of the company’s stock worth $194,299,000 after acquiring an additional 227,631 shares in the last quarter. Keynote Financial Services LLC boosted its holdings in shares of Procter & Gamble by 6.8% in the first quarter. Keynote Financial Services LLC now owns 19,403 shares of the company’s stock worth $2,803,000 after acquiring an additional 1,243 shares during the period. Finally, Davis R M Inc. grew its position in shares of Procter & Gamble by 2.7% in the first quarter. Davis R M Inc. now owns 329,437 shares of the company’s stock valued at $47,584,000 after purchasing an additional 8,667 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on PG shares. Sanford C. Bernstein assumed coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective on the stock. BNP Paribas Exane cut their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group lifted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Barclays upped their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Bank of America lowered their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.74.

Key Procter & Gamble News

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

• Neutral Sentiment: Procter & Gamble is approaching Q4 earnings, and investors are watching for signs of continued sales growth, but also for evidence that cost pressures and tariffs are squeezing margins. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Neutral Sentiment: Analysts are warning that PG may report lower earnings, and the market appears cautious heading into the release because the setup does not clearly favor an earnings beat. Analysts Estimate Procter & Gamble (PG) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Another preview piece echoed the same message: investors are waiting for Q4 results, with sales growth expected but margin and cost challenges still front and center. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Positive Sentiment: PG may still appeal to defensive investors if market volatility continues, with one article suggesting the consumer staples name could benefit as money rotates out of high-growth sectors. As the AI Selloff Worsens, Time-Tested Procter & Gamble Stock Could Be the Biggest Winner
• Positive Sentiment: Procter & Gamble also highlighted a new Swiffer Lemon Duster product, reinforcing its innovation pipeline and brand strength in household products. New Swiffer Lemon Duster Delivers Fresh Scent of Clean with No Spray Required

Procter & Gamble Trading Down 1.5%

Shares of PG stock opened at $146.94 on Friday. The business has a 50-day moving average price of $147.22 and a two-hundred day moving average price of $148.71. 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. The firm has a market cap of $342.16 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 7.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be paid a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is 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.