Procter & Gamble Company (The) $PG Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL cut its Procter & Gamble stake by 6.4% in the fourth quarter, selling 59,429 shares and leaving it with 868,968 shares worth about $124.5 million.
• Procter & Gamble reported better-than-expected earnings for the quarter, posting $1.59 EPS versus the $1.56 estimate, while revenue came in at $21.24 billion, slightly below forecasts but still up 7.4% year over year.
• The company raised its quarterly dividend to $1.0885 per share, or $4.35 annually, for a 2.9% yield, and analysts currently view the stock as a Moderate Buy with a consensus price target of $160.78.

Blair William & Co. IL lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 868,968 shares of the company's stock after selling 59,429 shares during the quarter. Blair William & Co. IL's holdings in Procter & Gamble were worth $124,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Norges Bank acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $4,664,783,000. Cardano Risk Management B.V. boosted its position in Procter & Gamble by 1,104.8% during the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. 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 worth $34,030,358,000 after acquiring an additional 2,829,151 shares during the period. Assenagon Asset Management S.A. boosted its position in Procter & Gamble by 100.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company's stock worth $782,607,000 after acquiring an additional 2,741,924 shares during the period. Finally, Amundi boosted its position in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company's stock worth $1,606,748,000 after acquiring an additional 2,222,560 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.3%

PG opened at $152.38 on Wednesday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The stock's fifty day moving average is $144.96 and its 200-day moving average is $147.75. The company has a market capitalization of $354.83 billion, a PE ratio of 22.28, a P/E/G ratio of 6.54 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. Procter & Gamble's dividend payout ratio (DPR) is presently 63.60%.

Analyst Ratings Changes

A number of research analysts have issued reports on PG shares. Rothschild & Co Redburn reduced their price target on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research report on Monday, April 27th. BNP Paribas Exane reduced their price target on Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Bank of America reduced their price target on Procter & Gamble from $171.00 to $167.00 and set a "buy" rating for the company in a research report on Friday, April 10th. Finally, Morgan Stanley reduced their price target on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a research report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.78.

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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