Sumitomo Mitsui Financial Group Inc. Has $4.15 Million Stock Position in Procter & Gamble Company (The) $PG

Sumitomo Mitsui Financial Group Inc. increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,993 shares of the company’s stock after purchasing an additional 3,267 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Procter & Gamble were worth $4,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WP Advisors LLC boosted its stake in Procter & Gamble by 4.9% in the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after purchasing an additional 66 shares during the period. Emprise Bank lifted its holdings in shares of Procter & Gamble by 2.5% in the third quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after purchasing an additional 68 shares in the last quarter. Affiance Financial LLC lifted its holdings in shares of Procter & Gamble by 2.5% in the third quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock valued at $431,000 after purchasing an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Procter & Gamble by 12.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock worth $99,000 after buying an additional 71 shares during the period. Finally, Dominguez Wealth Management Solutions Inc. raised its position in Procter & Gamble by 0.3% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock valued at $3,144,000 after buying an additional 71 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on PG shares. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price objective for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. BNP Paribas Exane cut their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Price Performance

NYSE PG opened at $163.67 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $380.37 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 5.46 and a beta of 0.38. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The company has a 50 day moving average price of $150.50 and a two-hundred day moving average price of $151.03.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at $2,026,158.09. This trade represents a 50.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the sale, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 343,069 shares of company stock worth $54,545,448 in the last 90 days. Company insiders own 0.20% of the company’s stock.

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.