Bowen Hanes & Co. Inc. Trims Stake in Procter & Gamble Company (The) $PG

Bowen Hanes & Co. Inc. lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,618 shares of the company’s stock after selling 12,720 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Procter & Gamble were worth $47,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its stake in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC increased its stake in Procter & Gamble by 65.1% in 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 period. Maseco LLP purchased a new position in Procter & Gamble in the 4th quarter worth about $28,000. Saranac Partners Ltd purchased a new position in Procter & Gamble in the 3rd quarter worth about $30,000. Finally, Caitlin John LLC purchased a new position in Procter & Gamble in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. The Goldman Sachs Group reduced their price target on shares of 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 reduced their price target on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Raymond James Financial cut their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.06.

Procter & Gamble Trading Down 0.2%

NYSE PG opened at $140.47 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The company has a market capitalization of $327.09 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 6.04 and a beta of 0.39. The company’s 50-day simple moving average is $144.17 and its two-hundred day simple moving average is $147.74. Procter & Gamble Company has a one year low of $137.62 and a one year high of $168.04.

Procter & Gamble (NYSE:PG) last posted 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 business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. 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 fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. 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.