Rockefeller Capital Management L.P. Raises Position in Procter & Gamble Company (The) $PG

Rockefeller Capital Management L.P. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,109,236 shares of the company’s stock after purchasing an additional 114,301 shares during the period. Rockefeller Capital Management L.P.’s holdings in Procter & Gamble were worth $158,965,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lane Brothers & Co. Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $293,000. World Investment Advisors raised its position in shares of Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after purchasing an additional 14,492 shares during the period. Demming Financial Services Corp ADV bought a new stake in Procter & Gamble in the fourth quarter valued at $256,000. Farmers National Bank lifted its position in Procter & Gamble by 0.6% in the 4th quarter. Farmers National Bank now owns 51,138 shares of the company’s stock valued at $7,329,000 after purchasing an additional 307 shares during the last quarter. Finally, Winthrop Partners WNY LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $1,064,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Barclays decreased their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company boosted their price objective on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Sanford C. Bernstein began coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective on the stock. BNP Paribas Exane dropped their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective 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 equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.78.

Procter & Gamble Price Performance

Shares of PG opened at $150.85 on Friday. The business’s 50-day moving average is $145.43 and its 200-day moving average is $147.80. 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 company has a market capitalization of $351.26 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 6.54 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly 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 $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period last year, the company posted $1.54 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

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