Signet Private Wealth LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,445 shares of the company’s stock, valued at approximately $780,000. Procter & Gamble comprises about 0.7% of Signet Private Wealth LLC’s investment portfolio, making the stock its 29th biggest holding.
A number of other hedge funds also recently made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% in 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. Evolution Wealth Management Inc. boosted its stake in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares during the last quarter. Maseco LLP purchased a new position in Procter & Gamble in the fourth quarter valued at about $28,000. Finally, Saranac Partners Ltd bought a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $30,000. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Performance
Shares of PG stock opened at $149.36 on Thursday. The firm’s 50 day moving average is $144.44 and its 200 day moving average is $147.70. The stock has a market capitalization of $347.80 billion, a P/E ratio of 21.84, a PEG ratio of 6.38 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is presently 63.60%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on PG. Royal Bank Of Canada lowered their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. TD Cowen increased 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. Morgan Stanley decreased their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Bank of America lowered their target price on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Barclays dropped their price target on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $161.06.
Read Our Latest Stock Report on PG
Procter & Gamble News Roundup
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Jim Cramer praised Procter & Gamble as a stock that helps investors safely own higher-volatility tech names, reinforcing PG’s appeal as a defensive holding during market sell-offs. Jim Cramer Says “The P&Gs and the J&Js in Your Portfolio Allow You to Safely Own the Techs”
- Positive Sentiment: P&G’s Downy brand launched Boutique Botanicals scent beads, expanding its premium home care lineup and potentially supporting growth in a core category. Procter And Gamble Taps Cynthia Rowley For Premium Downy Scent Launch
- Positive Sentiment: Haut.AI’s collaboration with OLAY on virtual companion skincare technology could strengthen P&G’s beauty innovation and improve the consumer experience for a major brand. Haut.AI Collaborates with OLAY on Virtual Companion Technology to Power Clinically Modeled Skincare Simulations
- Neutral Sentiment: P&G presented at the Evercore Consumer & Retail Conference, which may have kept attention on the company but did not include a clear new financial catalyst. The Procter & Gamble Company (PG) Presents at The 6th Annual Evercore Consumer & Retail Conference Transcript
- Neutral Sentiment: Commentary pieces continued to frame PG as a dependable dividend and “market shield” stock, reinforcing its defensive profile rather than signaling a major new operational development. 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Paid a Continuous Dividend Since 1891 How Procter and Gamble Became the Market’s Shield
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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