Conning Inc. Grows Position in Procter & Gamble Company (The) $PG

Key Points

• Conning Inc. increased its stake in Procter & Gamble by 13.7% in the fourth quarter, adding nearly 30,000 shares. The fund now holds 248,224 shares valued at about $35.6 million.
• Procter & Gamble reported solid quarterly results, with EPS of $1.59 beating estimates and revenue rising 7.4% year over year, though revenue came in slightly below expectations. The company also guided FY2026 EPS at 6.83 to 7.09.
• The company raised its quarterly dividend to $1.0885 per share from $1.06, implying an annualized dividend of $4.35 and a yield of about 3.1%. Analysts currently have a consensus Moderate Buy rating with a $161.06 price target.

Conning Inc. grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 248,224 shares of the company's stock after buying an additional 29,991 shares during the period. Procter & Gamble accounts for about 1.2% of Conning Inc.'s holdings, making the stock its 11th biggest holding. Conning Inc.'s holdings in Procter & Gamble were worth $35,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Maseco LLP acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $28,000. Saranac Partners Ltd purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $30,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC increased its holdings in shares of Procter & Gamble by 121.5% in the fourth quarter. Anfield Capital Management LLC now owns 237 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares during 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 other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total transaction of $288,463.14. Following the transaction, the insider owned 30,215 shares of the company's stock, valued at $4,818,083.90. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,029 shares of the company's stock, valued at $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.3%

Shares of PG stock opened at $142.67 on Friday. 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 firm has a market cap of $332.22 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 6.10 and a beta of 0.41. The company has a 50-day moving average of $146.43 and a two-hundred day moving average of $148.26. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.99.

Procter & Gamble (NYSE:PG - Get Free Report) last released its 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. The company had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. Procter & Gamble's dividend payout ratio is 63.60%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group boosted their price objective on Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. The Goldman Sachs Group cut their target price on Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a report on Friday, March 27th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. Finally, Barclays cut their price objective on shares of Procter & Gamble from $155.00 to $146.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.