QRG Capital Management Inc. Grows Stock Holdings in Procter & Gamble Company (The) $PG

QRG Capital Management Inc. lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,252 shares of the company’s stock after acquiring an additional 48,989 shares during the period. QRG Capital Management Inc.’s holdings in Procter & Gamble were worth $49,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Gradient Investments LLC grew its holdings in Procter & Gamble by 12.8% during the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after purchasing an additional 28,777 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Procter & Gamble by 40.6% in the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after buying an additional 147,701 shares in the last quarter. World Investment Advisors lifted its holdings in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares in the last quarter. Bell Asset Management Ltd purchased a new position in Procter & Gamble in the 3rd quarter valued at about $5,054,000. Finally, Truepoint Inc. grew its stake in shares of Procter & Gamble by 12.3% during the third quarter. Truepoint Inc. now owns 129,017 shares of the company’s stock valued at $19,823,000 after acquiring an additional 14,116 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group lifted their target price on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada reduced their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Morgan Stanley lowered their price objective on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.47.

Procter & Gamble Price Performance

PG opened at $151.30 on Friday. The company has a 50-day moving average of $146.45 and a 200-day moving average of $148.25. The company has a market capitalization of $352.32 billion, a P/E ratio of 22.12, a PEG ratio of 6.44 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. 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 (NYSE:PG) last issued its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the prior year, the business posted $1.54 EPS. The company’s revenue for the quarter 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 expect that Procter & Gamble Company will post 6.9 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

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