Sumitomo Mitsui Trust Group Inc. Trims Holdings in Procter & Gamble Company (The) $PG

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,612,228 shares of the company’s stock after selling 317,497 shares during the quarter. Procter & Gamble makes up about 0.5% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 28th largest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Procter & Gamble were worth $810,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 acquiring an additional 150 shares in the last quarter. Park Square Financial Group LLC raised its stake in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $26,000. Finally, Maseco LLP acquired a new position in Procter & Gamble in the fourth quarter worth about $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG opened at $148.58 on Thursday. 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 company’s 50-day moving average price is $146.61 and its 200 day moving average price is $148.36. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The firm has a market cap of $345.97 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 6.50 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.9 earnings per share for the current year.

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 given a dividend of $1.0885 per share. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is presently 63.60%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PG shares. BNP Paribas Exane lowered their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 target price for the company. UBS Group boosted their price target on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a report on Monday, April 27th. Wells Fargo & Company upped their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a research note 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.47.

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.