Cambient Family Office LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 59,215 shares of the company’s stock, valued at approximately $8,486,000. Procter & Gamble accounts for about 1.2% of Cambient Family Office LLC’s portfolio, making the stock its 19th largest holding.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares during the last quarter. State Street Corp raised its holdings in Procter & Gamble by 1.0% during the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after purchasing an additional 984,102 shares during the last quarter. Geode Capital Management LLC raised its holdings in Procter & Gamble by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after purchasing an additional 1,974,556 shares during the last quarter. Norges Bank acquired a new position in Procter & Gamble during the 4th quarter valued at about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Wall Street Analyst Weigh In
PG has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Rothschild & Co Redburn cut their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada cut their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.78.
Procter & Gamble Stock Performance
PG stock opened at $150.85 on Friday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm has a market cap of $351.26 billion, a PE ratio of 22.05, a P/E/G ratio of 6.55 and a beta of 0.39. The business’s 50-day moving average price is $145.31 and its two-hundred day moving average price is $147.78.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly 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. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a 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 dividend payout ratio (DPR) is currently 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.
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