Arrowstreet Capital Limited Partnership Sells 1,970,762 Shares of Procter & Gamble Company (The) $PG

Arrowstreet Capital Limited Partnership decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 61.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,242,409 shares of the company’s stock after selling 1,970,762 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Procter & Gamble were worth $178,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors Inc. bought a new position in shares of Procter & Gamble during the 4th quarter worth $39,007,000. Arete Wealth Advisors LLC boosted its stake in Procter & Gamble by 9.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 27,009 shares of the company’s stock worth $3,871,000 after purchasing an additional 2,419 shares during the period. Jacobi Capital Management LLC boosted its stake in Procter & Gamble by 2.4% in the 4th quarter. Jacobi Capital Management LLC now owns 39,616 shares of the company’s stock worth $5,677,000 after purchasing an additional 942 shares during the period. Nan Shan Life Insurance Co. Ltd. boosted its stake in Procter & Gamble by 2.6% in the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 276,626 shares of the company’s stock worth $39,643,000 after purchasing an additional 7,000 shares during the period. Finally, Burton Enright Welch bought a new position in Procter & Gamble in the 4th quarter worth about $440,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Barclays cut their target price on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company raised their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Royal Bank Of Canada lowered their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Sanford C. Bernstein started coverage on Procter & Gamble in a report on Thursday. They issued a “market perform” rating and a $156.00 price target on the stock. Finally, Bank of America lowered their price target on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.78.

Procter & Gamble Trading Down 0.1%

NYSE PG opened at $149.47 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The firm has a market capitalization of $348.04 billion, a PE ratio of 21.85, a P/E/G ratio of 6.51 and a beta of 0.39. The stock’s 50 day moving average is $144.63 and its 200 day moving average is $147.71.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.24 billion for the quarter, compared to analyst estimates 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 was up 7.4% on a year-over-year basis. 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. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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