Vantus Wealth LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,756 shares of the company’s stock, valued at approximately $825,000.
A number of other large investors have also recently made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. increased its stake in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC increased its stake in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Maseco LLP purchased a new position in Procter & Gamble in the fourth quarter valued at approximately $28,000. Saranac Partners Ltd purchased a new position in Procter & Gamble in the third quarter valued at approximately $30,000. Finally, Caitlin John LLC purchased a new position in Procter & Gamble in the third quarter valued at approximately $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. BNP Paribas Exane decreased their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Morgan Stanley decreased their price objective on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Evercore set a $162.00 price objective on Procter & Gamble in a report on Monday, April 27th. Finally, Rothschild & Co Redburn decreased their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Eleven investment 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 has a consensus rating of “Moderate Buy” and an average price target of $161.06.
Procter & Gamble Price Performance
Shares of NYSE PG opened at $140.34 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a fifty day moving average price of $144.32 and a 200 day moving average price of $147.85. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $169.04. The company has a market cap of $326.81 billion, a PE ratio of 20.52, a P/E/G ratio of 6.15 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping 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 $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same period last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $1.0885 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.1%. Procter & Gamble’s dividend payout ratio (DPR) 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.
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