ABC Arbitrage SA Takes $1.22 Million Position in Procter & Gamble Company (The) $PG

ABC Arbitrage SA acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 7,927 shares of the company’s stock, valued at approximately $1,218,000.

Several other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble during the 3rd quarter worth approximately $25,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the second quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $37,000. Finally, Manning & Napier Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter worth about $44,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Wells Fargo & Company raised their target price on Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Piper Sandler started coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Finally, TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price objective for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.67.

Procter & Gamble Stock Performance

Shares of PG opened at $159.97 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The company has a 50-day moving average of $146.48 and a two-hundred day moving average of $150.36. The stock has a market cap of $371.77 billion, a P/E ratio of 23.70, a PEG ratio of 5.29 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares in the company, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total value of $1,264,000.00. Following the transaction, the chief executive officer directly owned 6,571 shares in the company, valued at approximately $1,038,218. This represents a 54.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

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.