Procter & Gamble Company (The) $PG Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,073,701 shares of the company’s stock after selling 217,053 shares during the quarter. Bank of Nova Scotia’s holdings in Procter & Gamble were worth $155,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Park Square Financial Group LLC lifted its position in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Evolution Wealth Management Inc. boosted its holdings in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $26,000. Finally, Maseco LLP acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $28,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Neutral Sentiment: Procter & Gamble is approaching Q4 earnings, and investors are watching for signs of continued sales growth, but also for evidence that cost pressures and tariffs are squeezing margins. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Neutral Sentiment: Analysts are warning that PG may report lower earnings, and the market appears cautious heading into the release because the setup does not clearly favor an earnings beat. Analysts Estimate Procter & Gamble (PG) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Another preview piece echoed the same message: investors are waiting for Q4 results, with sales growth expected but margin and cost challenges still front and center. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Positive Sentiment: PG may still appeal to defensive investors if market volatility continues, with one article suggesting the consumer staples name could benefit as money rotates out of high-growth sectors. As the AI Selloff Worsens, Time-Tested Procter & Gamble Stock Could Be the Biggest Winner
• Positive Sentiment: Procter & Gamble also highlighted a new Swiffer Lemon Duster product, reinforcing its innovation pipeline and brand strength in household products. New Swiffer Lemon Duster Delivers Fresh Scent of Clean with No Spray Required

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PG. Morgan Stanley reduced their target price on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Rothschild & Co Redburn cut their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wells Fargo & Company lifted their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, BMO Capital Markets boosted their price target on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.74.

Procter & Gamble Trading Down 1.5%

PG opened at $146.94 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $342.16 billion, a PE ratio of 21.48, a P/E/G ratio of 7.42 and a beta of 0.39. The firm’s fifty day moving average price is $147.22 and its 200 day moving average price is $148.71.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.54 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

About Procter & Gamble

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.