AEGON ASSET MANAGEMENT UK Plc Makes New $7.15 Million Investment in Procter & Gamble Company (The) $PG

Key Points

• AEGON Asset Management UK Plc opened a new position in Procter & Gamble, buying 49,501 shares worth about $7.15 million in the first quarter.
• Procter & Gamble reported strong quarterly earnings, with EPS of $1.59 beating estimates, while revenue rose 7.4% year over year to $21.23 billion. The company also raised its quarterly dividend to $1.0885 per share.
• Analysts remain generally positive on PG, with a consensus rating of Moderate Buy and an average price target of about $160.78, even though some firms trimmed their targets slightly.

AEGON ASSET MANAGEMENT UK Plc bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 49,501 shares of the company's stock, valued at approximately $7,148,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Triodos Investment Management BV increased its holdings in Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company's stock worth $39,195,000 after purchasing an additional 17,400 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of Procter & Gamble by 12.8% during the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company's stock valued at $36,270,000 after purchasing an additional 28,777 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the third quarter worth about $3,776,000. Cibc World Market Inc. boosted its position in Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after buying an additional 147,701 shares during the period. Finally, World Investment Advisors boosted its position in 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 buying an additional 14,492 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.3%

NYSE PG opened at $150.85 on Monday. The business has a 50 day simple moving average of $145.43 and a 200 day simple moving average of $147.80. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The stock has a market capitalization of $351.26 billion, a P/E ratio of 22.05, a P/E/G ratio of 6.54 and a beta of 0.39. 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 (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.23 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 company's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed 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. This is an increase from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, April 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 63.60%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target 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. Wells Fargo & Company increased their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Raymond James Financial lowered their target price on Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Finally, Sanford C. Bernstein started coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 target price for the company. Eleven investment 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 currently has a consensus rating of "Moderate Buy" and an average price target of $160.78.

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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