Peapack Gladstone Financial Corp Sells 7,904 Shares of Procter & Gamble Company (The) $PG

Key Points

• Peapack Gladstone Financial Corp reduced its Procter & Gamble stake by 2.7% in the fourth quarter, selling 7,904 shares and leaving it with 284,934 shares worth about $40.8 million.
• Procter & Gamble reported solid quarterly results, with EPS of $1.59 topping estimates and revenue rising 7.4% year over year, though revenue came in slightly below expectations.
• The company raised its dividend to $1.0885 per share quarterly, equal to an annualized payout of $4.35 and a yield of about 3.0%.

Peapack Gladstone Financial Corp trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 284,934 shares of the company's stock after selling 7,904 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Procter & Gamble were worth $40,834,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. State Street Corp increased its stake in shares of Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company's stock worth $15,462,541,000 after acquiring an additional 370,872 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares in the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the 4th quarter worth about $4,664,783,000. Finally, Franklin Resources Inc. increased its stake in shares of Procter & Gamble by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Royal Bank Of Canada decreased their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group decreased their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a research note on Wednesday, April 8th. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $163.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, Rothschild & Co Redburn decreased their price target on shares of 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 analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $161.06.

Procter & Gamble Stock Up 0.0%

NYSE:PG opened at $143.60 on Monday. The firm has a market cap of $334.39 billion, a P/E ratio of 20.99, a P/E/G ratio of 6.15 and a beta of 0.39. 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. The firm has a 50-day simple moving average of $144.41 and a two-hundred day simple moving average of $147.90.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. Procter & Gamble's revenue was up 7.4% compared to the same quarter last year. 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. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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

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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