First Trust Advisors LP increased its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,767,050 shares of the company’s stock after purchasing an additional 107,640 shares during the quarter. First Trust Advisors LP owned 0.08% of Procter & Gamble worth $255,233,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Carson Advisory Inc. lifted its stake in Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after acquiring an additional 65 shares during the period. Trilogy Capital Inc. raised its holdings in shares of Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after purchasing an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after purchasing an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. lifted its position in Procter & Gamble by 2.7% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after purchasing an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. boosted its holdings in Procter & Gamble by 2.7% in the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock opened at $149.19 on Thursday. The firm has a market cap of $347.42 billion, a PE ratio of 21.81, a P/E/G ratio of 7.37 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $147.13 and a 200 day moving average price of $148.67.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be paid a $1.0885 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.60%.
Analyst Ratings Changes
PG has been the subject of a number of recent research reports. UBS Group lifted their price objective on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Raymond James Financial dropped their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Bank of America reduced their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. BMO Capital Markets boosted their price target on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a research note on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.74.
Check Out Our Latest Report on PG
Key Stories Impacting Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble highlighted a new Swiffer Lemon Duster launch, which could support category growth, reinforce brand strength, and help drive consumer engagement in its home care portfolio. New Swiffer Lemon Duster Delivers Fresh Scent of Clean
- Positive Sentiment: A report suggesting P&G could benefit as investors rotate away from higher-risk growth names into defensive consumer staples may continue to support the stock’s relative appeal. As the AI Selloff Worsens, Time-Tested Procter & Gamble Stock Could Be the Biggest Winner
- Positive Sentiment: Plans to expand manufacturing in Egypt to serve Gulf and African markets could improve regional supply-chain efficiency and support long-term international growth. Procter & Gamble Expands Egypt Manufacturing To Serve Gulf And African Markets
- Neutral Sentiment: Several articles focus on valuation comparisons and whether PG is attractive versus Newell Brands, which is more about relative stock selection than a direct catalyst for P&G itself. NWL vs. PG: Which Stock Should Value Investors Buy Now?
- Neutral Sentiment: Commentary asking whether P&G can stay steady ahead of earnings reflects investor caution, but it does not by itself change the fundamental outlook. Can Procter & Gamble Stay Steady As Earnings Day Approaches
- Negative Sentiment: Analysts are warning that upcoming earnings may decline and that P&G may not have the right setup for an earnings beat, which could weigh on the shares if results or guidance disappoint. Analysts Estimate Procter & Gamble (PG) to Report a Decline in Earnings
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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