Allianz SE Has $15.29 Million Holdings in Procter & Gamble Company (The) $PG

Allianz SE grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 106,710 shares of the company’s stock after acquiring an additional 3,520 shares during the period. Allianz SE’s holdings in Procter & Gamble were worth $15,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake 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 acquiring an additional 2,829,151 shares during the last quarter. State Street Corp raised its stake in shares of Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after acquiring an additional 370,872 shares during the last quarter. Geode Capital Management LLC raised its stake 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 acquiring 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 about $4,664,783,000. Finally, Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock worth $3,421,122,000 after buying an additional 1,021,833 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a research note on Monday, April 27th. TD Cowen upped their target price on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Jefferies Financial Group lowered their target price on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Evercore set a $162.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.

Procter & Gamble Price Performance

PG stock opened at $149.47 on Friday. The company’s 50-day moving average price is $144.63 and its two-hundred day moving average price is $147.70. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm has a market cap of $348.04 billion, a P/E ratio of 21.85, a P/E/G ratio of 6.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same period last year, the company earned $1.54 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio 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.