Procter & Gamble Company (The) $PG Shares Bought by ING Groep NV

Key Points

• ING Groep NV increased its stake in Procter & Gamble by 24.0% in the fourth quarter, buying 89,632 additional shares and bringing its total holding to 462,369 shares worth about $66.3 million.
• Wall Street remains constructive on PG, with 11 analysts rating it a Buy and nine a Hold, giving the stock an overall “Moderate Buy” consensus and an average target price of $161.06.
• Procter & Gamble reported solid recent results and raised its dividend: quarterly EPS beat estimates, revenue rose 7.4% year over year, and the company lifted its dividend to $1.0885 per share, or $4.35 annually, for a 3.0% yield.

ING Groep NV boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,369 shares of the company's stock after buying an additional 89,632 shares during the quarter. ING Groep NV's holdings in Procter & Gamble were worth $66,262,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp increased its position 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 valued at $15,462,541,000 after purchasing an additional 370,872 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $8,962,689,000 after purchasing an additional 1,974,556 shares during the last quarter. Norges Bank purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $4,664,783,000. Finally, Franklin Resources Inc. increased its position 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 valued at $3,510,955,000 after purchasing an additional 1,752,481 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, April 27th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 14th. Barclays dropped their price objective on shares of Procter & Gamble from $155.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.06.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Investors bought an unusually large number of PG call options, suggesting rising bets that the stock could keep climbing in the near term.
• Positive Sentiment: Procter & Gamble highlighted community and brand-building efforts, including Old Spice’s partnership with Walmart and Big Brothers Big Sisters of Miami, which may support consumer goodwill and brand visibility. Article Title
• Positive Sentiment: P&G also announced a disaster-response fleet expansion with Walmart and Matthew 25: Ministries, reinforcing the company’s social-impact reputation and broader partnership network. Article Title
• Neutral Sentiment: P&G is scheduled to webcast a presentation at the Evercore Consumer and Retail Conference on June 10, which keeps investors focused on management commentary but does not by itself change fundamentals. Article Title
• Neutral Sentiment: Several articles discussed PG as a dividend and valuation name, but these were broader investor commentary pieces rather than company-specific catalysts.

Procter & Gamble Trading Up 4.1%

NYSE PG opened at $146.53 on Friday. The company has a market capitalization of $341.20 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 6.29 and a beta of 0.39. The firm's fifty day moving average price is $144.18 and its 200 day moving average price is $147.68. 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 Company has a 12 month low of $137.62 and a 12 month high of $167.25.

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 analysts' consensus estimates of $1.56 by $0.03. The firm 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%. Procter & Gamble's quarterly 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 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors 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 currently 63.60%.

Procter & Gamble 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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