ABN Amro Investment Solutions cut its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 392,777 shares of the company’s stock after selling 6,007 shares during the period. ABN Amro Investment Solutions’ holdings in Procter & Gamble were worth $56,733,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in PG. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Litman Gregory Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter worth about $26,000. Park Square Financial Group LLC increased its position in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. raised its holdings in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Finally, Basso Capital Management L.P. purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Down 0.7%
Shares of NYSE:PG opened at $148.12 on Wednesday. The business’s 50-day moving average is $147.00 and its 200 day moving average is $148.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm has a market capitalization of $344.91 billion, a P/E ratio of 21.66, a P/E/G ratio of 7.42 and a beta of 0.39.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is 63.60%.
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble is expanding manufacturing in Egypt to use the country as a hub for exports into Gulf and African markets, which could improve supply-chain efficiency and support longer-term international growth. Procter & Gamble (PG) Expands Egypt Manufacturing To Serve Gulf And African Markets
- Positive Sentiment: Several articles frame PG as a defensive “safe haven” and a strong dividend stock, which may be attracting investors looking to rotate away from higher-volatility AI names and into steadier consumer staples. As the AI Selloff Worsens, Time-Tested Procter Gamble Stock Could Be the Biggest Winner
- Positive Sentiment: PG is also being compared favorably on value and dividend appeal versus other consumer-staples names, reinforcing the view that it remains a high-quality holding for long-term income investors. NWL vs. PG: Which Stock Is the Better Value Option?
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PG shares. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Wells Fargo & Company lifted 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. Piper Sandler upped their price objective on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley reduced their target price on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.74.
Get Our Latest Stock Analysis on Procter & Gamble
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.
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