Allstate Corp Has $25.70 Million Holdings in Procter & Gamble Company (The) $PG

Key Points

• Allstate Corp more than doubled its stake in Procter & Gamble during the fourth quarter, increasing holdings by 109.9% to 179,328 shares valued at about $25.7 million.
• Procter & Gamble reported better-than-expected quarterly earnings of $1.59 per share, though revenue of $21.24 billion came in slightly below estimates. Revenue still rose 7.4% year over year.
• The company raised its quarterly dividend to $1.0885 per share, while analysts remain broadly positive with a Moderate Buy consensus and a price target of $161.06.

Allstate Corp raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 109.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,328 shares of the company's stock after purchasing an additional 93,893 shares during the period. Allstate Corp's holdings in Procter & Gamble were worth $25,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PG. Trilogy Capital Inc. grew its stake in Procter & Gamble by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company's stock valued at $901,000 after acquiring an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company's stock valued at $376,000 after purchasing an additional 68 shares in the last quarter. Grant Street Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company's stock valued at $376,000 after purchasing an additional 69 shares in the last quarter. Beech Hill Advisors Inc. grew its position in shares of Procter & Gamble by 0.5% in the 4th quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company's stock valued at $2,040,000 after purchasing an additional 70 shares during the period. Finally, Aull & Monroe Investment Management Corp increased its stake in Procter & Gamble by 0.3% during the 4th quarter. Aull & Monroe Investment Management Corp now owns 28,113 shares of the company's stock worth $4,029,000 after purchasing an additional 71 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the firm's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares of the company's stock, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

Shares of PG opened at $144.50 on Tuesday. The stock has a market capitalization of $336.49 billion, a P/E ratio of 21.13, a P/E/G ratio of 6.19 and a beta of 0.41. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99. The company has a 50 day moving average of $144.82 and a 200-day moving average of $147.93. 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 (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $21.24 billion during the quarter, compared to analysts' expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble's dividend payout ratio (DPR) is 63.60%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their target price on Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Jefferies Financial Group lowered their target price on Procter & Gamble from $179.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Bank of America lowered their target price on Procter & Gamble from $171.00 to $167.00 and set a "buy" rating for the company in a research note on Friday, April 10th. Wells Fargo & Company increased their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Finally, Rothschild & Co Redburn lowered their target price on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research note on Monday, April 27th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.06.

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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