Princeton Global Asset Management LLC Buys 4,404 Shares of Procter & Gamble Company (The) $PG

Princeton Global Asset Management LLC increased its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,642 shares of the company’s stock after buying an additional 4,404 shares during the period. Princeton Global Asset Management LLC’s holdings in Procter & Gamble were worth $2,982,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PG. E Fund Management Hong Kong Co. Ltd. grew 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 acquiring an additional 150 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC lifted its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. 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. UBS Group raised their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Bank of America cut their price target on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.00.

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Procter & Gamble Stock Up 0.3%

Procter & Gamble stock opened at $149.49 on Monday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market cap of $348.11 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 6.48 and a beta of 0.39. The firm’s 50-day simple moving average is $145.94 and its 200 day simple moving average is $148.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating 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 firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same quarter last year, the business posted $1.54 EPS. 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. Research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $1.0885 per share. 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. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

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Procter & Gamble Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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