Bank of New York Mellon Corp Has $2.32 Billion Holdings in Procter & Gamble Company (The) $PG

Bank of New York Mellon Corp lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,171,938 shares of the company’s stock after selling 1,174,020 shares during the quarter. Bank of New York Mellon Corp’s holdings in Procter & Gamble were worth $2,317,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC increased its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Maseco LLP bought a new position in Procter & Gamble during the fourth quarter worth about $28,000. Saranac Partners Ltd acquired a new stake in Procter & Gamble in the 3rd quarter worth about $30,000. Finally, Caitlin John LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at about $34,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Rothschild & Co Redburn lowered their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. TD Cowen lifted their price objective on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Finally, Piper Sandler raised their price target on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.06.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $140.62 on Wednesday. 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 Company has a 52 week low of $137.62 and a 52 week high of $168.04. The firm has a market cap of $327.44 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 6.01 and a beta of 0.39. The firm’s fifty day moving average is $144.32 and its 200-day moving average is $147.85.

Procter & Gamble (NYSE:PG) last announced its 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. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same period last year, the company earned $1.54 EPS. Procter & Gamble’s revenue for the quarter was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. 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.