HighTower Advisors LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,477,364 shares of the company’s stock after purchasing an additional 12,434 shares during the quarter. HighTower Advisors LLC’s holdings in Procter & Gamble were worth $355,031,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trilogy Capital Inc. increased its position in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after buying an additional 67 shares in the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in shares of Procter & Gamble by 2.7% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after purchasing an additional 68 shares during the period. Grant Street Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after purchasing an additional 69 shares in the last quarter. Beech Hill Advisors Inc. increased its stake in Procter & Gamble by 0.5% during the 4th quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company’s stock valued at $2,040,000 after purchasing an additional 70 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp lifted its stake in shares of Procter & Gamble by 0.3% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 28,113 shares of the company’s stock valued at $4,029,000 after buying an additional 71 shares in the last quarter. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $142.29 on Tuesday. The business’s fifty day simple moving average is $145.87 and its 200 day simple moving average is $148.12. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99. The firm has a market capitalization of $331.34 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 6.07 and a beta of 0.41.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is presently 63.60%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on PG shares. Rothschild & Co Redburn lowered their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Wells Fargo & Company upped their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Bank of America lowered their price target on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, UBS Group lifted their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.06.
Read Our Latest Stock Analysis on Procter & Gamble
Insider Transactions at Procter & Gamble
In related news, CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the sale, the chief executive officer owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. The trade was a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 1,809 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the transaction, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by insiders.
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: 24/7 Wall St. reiterated a bullish view on Procter & Gamble (PG), assigning a $163.50 price target and calling it a buy, implying meaningful upside from recent levels.
- Positive Sentiment: Brokerage coverage referenced in recent reporting shows PG with an average recommendation of “Moderate Buy,” reinforcing investor confidence in the stock’s defensive earnings profile.
- Positive Sentiment: Analyst pieces focused on Tide and Pampers suggest innovation, premiumization, and better retail execution could help revive volume growth, a potential catalyst for revenue trends. Article Title
- Positive Sentiment: P&G also launched the Elton John Impact Awards podcast special with iHeartMedia, supporting brand visibility and ESG/consumer engagement efforts. Article Title
- Positive Sentiment: A new Native product launch, the Boba Cafe Collection, highlights P&G’s ability to target younger and multicultural consumers, which could support category growth over time. Article Title
- Neutral Sentiment: Algorhythm Holdings said its freight-services contract with P&G India was expanded, but this is a logistics update and appears unlikely to materially move the parent company’s stock on its own. Article Title
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.
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