Procter & Gamble Company (The) $PG Shares Sold by Cardano Risk Management B.V.

Cardano Risk Management B.V. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 90.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 949,791 shares of the company’s stock after selling 8,571,649 shares during the quarter. Procter & Gamble comprises about 1.3% of Cardano Risk Management B.V.’s holdings, making the stock its 19th largest holding. Cardano Risk Management B.V.’s holdings in Procter & Gamble were worth $137,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Auto Owners Insurance Co increased its stake in Procter & Gamble by 14,231.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after purchasing an additional 3,524,876 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after buying an additional 2,829,151 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Procter & Gamble by 100.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock worth $782,607,000 after purchasing an additional 2,741,924 shares during the period. Finally, Amundi grew its stake in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after buying an additional 2,222,560 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler raised their target price on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Bank of America dropped their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.78.

Procter & Gamble Stock Down 2.3%

Shares of Procter & Gamble stock opened at $148.58 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The business’s fifty day moving average price is $145.82 and its two-hundred day moving average price is $147.93. The company has a market capitalization of $345.99 billion, a P/E ratio of 21.72, a PEG ratio of 6.61 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released 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 analysts’ expectations 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 quarter in the prior year, the business posted $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 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio 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.