Palisade Asset Management LLC Reduces Stake in Procter & Gamble Company (The) $PG

Palisade Asset Management LLC lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 109,785 shares of the company’s stock after selling 7,080 shares during the quarter. Procter & Gamble comprises 1.5% of Palisade Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Palisade Asset Management LLC’s holdings in Procter & Gamble were worth $15,733,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 worth $25,000 after purchasing an additional 150 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC grew its stake in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its stake in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the last quarter. Finally, Maseco LLP purchased a new position in Procter & Gamble during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PG. 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 note on Friday, April 24th. The Goldman Sachs Group dropped their price target on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley dropped their price target on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank Of Canada dropped their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $160.78.

Procter & Gamble Trading Down 0.1%

Shares of PG stock opened at $149.47 on Monday. The business’s 50 day moving average is $144.63 and its two-hundred day moving average is $147.71. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a market capitalization of $348.04 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 6.51 and a beta of 0.39. 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 (NYSE:PG) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating 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 company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same period last year, the business posted $1.54 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

Procter & Gamble 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.