WNY Asset Management LLC Acquires New Stake in Procter & Gamble Company (The) $PG

WNY Asset Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,790 shares of the company’s stock, valued at approximately $1,125,000.

Several other hedge funds also recently made changes to their positions in the company. Cibc World Market Inc. boosted its position in shares of Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares in the last quarter. World Investment Advisors increased its holdings in shares of Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after purchasing an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after purchasing an additional 24,010 shares during the period. Indivisible Partners acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $2,120,000. Finally, Manning & Napier Advisors LLC boosted its holdings in Procter & Gamble by 3,791.9% during the fourth quarter. Manning & Napier Advisors LLC now owns 11,053 shares of the company’s stock worth $1,592,000 after buying an additional 10,769 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Trending Headlines about Procter & Gamble

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

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PG shares. The Goldman Sachs Group dropped their target price on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Evercore set a $162.00 price target on Procter & Gamble in a research note on Monday, April 27th. BMO Capital Markets upped their price target on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Rothschild & Co Redburn dropped their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Finally, Barclays lifted their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble Stock Performance

NYSE PG opened at $144.62 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.42. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a fifty day moving average of $147.71 and a 200-day moving average of $148.92. The stock has a market cap of $336.77 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 7.20 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 24th. Procter & Gamble’s payout ratio is currently 65.71%.

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.