Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,355,459 shares of the company's stock after buying an additional 53,515 shares during the period. Procter & Gamble accounts for about 1.0% of Mitsubishi UFJ Asset Management Co. Ltd.'s investment portfolio, making the stock its 14th largest position. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.45% of Procter & Gamble worth $1,468,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Maseco LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $28,000. Saranac Partners Ltd purchased a new stake in Procter & Gamble in the 3rd quarter valued at about $30,000. Corundum Trust Company INC purchased a new stake in Procter & Gamble in the third quarter worth about $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $34,000. Finally, Marquette Asset Management LLC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $37,000. Institutional investors own 65.77% of the company's stock.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the transaction, the chief executive officer owned 34,994 shares of the company's stock, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the completion of the transaction, the insider owned 12,639 shares of the company's stock, valued at approximately $2,026,158.09. This trade represents a 50.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 244,715 shares of company stock worth $39,702,904. Insiders own 0.20% of the company's stock.
Wall Street Analysts Forecast Growth
PG has been the subject of a number of analyst reports. Raymond James Financial decreased their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. TD Cowen increased their price target on Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, April 27th. Morgan Stanley lowered their price target on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. UBS Group upped their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $161.06.
Check Out Our Latest Stock Report on PG
Procter & Gamble Stock Performance
NYSE PG opened at $144.97 on Wednesday. The firm has a market capitalization of $337.57 billion, a P/E ratio of 21.19, a PEG ratio of 6.14 and a beta of 0.41. The stock has a 50-day simple moving average of $149.13 and a two-hundred day simple moving average of $148.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.99.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.03. The firm had revenue of $21.24 billion for 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%.The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.92 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be issued a dividend of $1.0885 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble's payout ratio is presently 63.60%.
About Procter & Gamble
(
Free Report)
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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