Brown Advisory Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 876,456 shares of the company’s stock after buying an additional 23,724 shares during the quarter. Brown Advisory Inc.’s holdings in Procter & Gamble were worth $125,605,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp increased its position in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after purchasing an additional 984,102 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after purchasing an additional 1,974,556 shares during the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $4,664,783,000. Finally, Franklin Resources Inc. grew its position in Procter & Gamble by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock valued at $3,421,122,000 after acquiring an additional 1,021,833 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. 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 report on Wednesday, April 8th. Piper Sandler increased their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Barclays reduced their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research report 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.78.
Procter & Gamble Stock Up 0.8%
Shares of Procter & Gamble stock opened at $149.47 on Friday. 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 Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock has a market capitalization of $348.04 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 6.51 and a beta of 0.39. The company’s 50 day moving average price is $144.63 and its 200-day moving average price is $147.70.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.
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.
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