Ascentis Independent Advisors Has $2.81 Million Stock Holdings in Procter & Gamble Company (The) $PG

Ascentis Independent Advisors increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 98.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,462 shares of the company’s stock after buying an additional 9,676 shares during the quarter. Ascentis Independent Advisors’ holdings in Procter & Gamble were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Gradient Investments LLC grew its stake in shares of Procter & Gamble by 12.8% during the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after acquiring an additional 28,777 shares during the period. Cibc World Market Inc. raised its stake in Procter & Gamble by 40.6% in the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after acquiring an additional 147,701 shares during the period. World Investment Advisors raised its stake in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after acquiring an additional 14,492 shares during the period. Bell Asset Management Ltd purchased a new stake in Procter & Gamble during the third quarter valued at about $5,054,000. Finally, Distillate Capital Partners LLC boosted its position in Procter & Gamble by 12.9% during the third quarter. Distillate Capital Partners LLC now owns 255,447 shares of the company’s stock worth $39,255,000 after purchasing an additional 29,254 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $151.30 on Monday. The stock has a market cap of $352.32 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 6.44 and a beta of 0.39. 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 business has a 50-day simple moving average of $146.45 and a 200 day simple moving average of $148.27. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

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. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter last year, the firm posted $1.54 EPS. The company’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, research analysts forecast that Procter & Gamble Company will post 6.9 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. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their target price 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. Evercore set a $162.00 price target on Procter & Gamble in a research report on Monday, April 27th. Finally, Jefferies Financial Group boosted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.47.

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.