6,861 Shares in Procter & Gamble Company (The) $PG Acquired by Mangrove Partners IM LLC

Mangrove Partners IM LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,861 shares of the company’s stock, valued at approximately $983,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after buying an additional 2,829,151 shares during the period. State Street Corp boosted its holdings in Procter & Gamble by 1.0% in the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after buying an additional 984,102 shares during the period. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after buying an additional 1,974,556 shares during the period. Norges Bank bought a new position in Procter & Gamble in the 4th quarter worth approximately $4,664,783,000. Finally, Franklin Resources Inc. boosted its holdings in Procter & Gamble by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock worth $3,421,122,000 after buying an additional 1,021,833 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. TD Cowen increased their target price on shares of 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 increased their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.78.

Procter & Gamble Stock Performance

NYSE PG opened at $152.38 on Wednesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. 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 market capitalization of $354.83 billion, a PE ratio of 22.28, a P/E/G ratio of 6.54 and a beta of 0.39. The company’s 50 day simple moving average is $144.96 and its two-hundred day simple moving average is $147.75.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $1.54 EPS. 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. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. 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. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s 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.