AXQ Capital LP Invests $1.76 Million in Procter & Gamble Company (The) $PG

AXQ Capital LP purchased a new position in Procter & Gamble Company (The) (NYSE:PG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,290 shares of the company’s stock, valued at approximately $1,761,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. State Street Corp raised its stake in shares of Procter & Gamble by 0.4% during the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after purchasing an additional 370,872 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 3.3% during the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $4,664,783,000. Finally, Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after purchasing an additional 1,752,481 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 2.2%

Shares of PG stock opened at $140.34 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $326.81 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.39. The stock has a 50 day simple moving average of $144.32 and a 200 day simple moving average of $147.85. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $169.04.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 paid a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. 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 is presently 63.60%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on 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 boosted their price target on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Jefferies Financial Group lowered their price target on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Rothschild & Co Redburn lowered their price target on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price target on 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 equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.06.

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.