Rossmore Private Capital Has $6.98 Million Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Rossmore Private Capital increased its Procter & Gamble stake by 23.7% in the fourth quarter, bringing its holdings to 48,706 shares valued at about $6.98 million.
• Several large institutional investors also boosted their PG positions, and 65.77% of the stock is now held by institutions and hedge funds.
• Procter & Gamble reported quarterly earnings of $1.59 per share, beating estimates, and raised its dividend to $1.0885 per share quarterly, for an annualized yield of about 3.1%.

Rossmore Private Capital increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,706 shares of the company's stock after purchasing an additional 9,338 shares during the quarter. Rossmore Private Capital's holdings in Procter & Gamble were worth $6,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares during the period. State Street Corp increased its position in Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company's stock worth $15,462,541,000 after purchasing an additional 370,872 shares during the period. Franklin Resources Inc. increased its position in Procter & Gamble by 8.3% in the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock worth $3,510,955,000 after purchasing an additional 1,752,481 shares during the period. Legal & General Group Plc increased its position in Procter & Gamble by 1.2% in the third quarter. Legal & General Group Plc now owns 16,556,061 shares of the company's stock worth $2,543,839,000 after purchasing an additional 189,968 shares during the period. Finally, Fisher Asset Management LLC increased its position in Procter & Gamble by 0.4% in the third quarter. Fisher Asset Management LLC now owns 11,008,454 shares of the company's stock worth $1,691,449,000 after purchasing an additional 40,941 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on PG shares. Barclays lowered their price objective on 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. Erste Group Bank lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Morgan Stanley lowered their price objective 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research report on Friday, March 27th. Finally, TD Cowen lifted their price objective on Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $161.06.

Insider Activity

In other news, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction dated 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 in the company, valued at $4,818,083.90. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the transaction, the chief executive officer owned 1,029 shares in the company, valued at $170,083.41. This trade represents a 84.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company's stock.

Procter & Gamble Trading Up 0.1%

NYSE:PG opened at $141.68 on Monday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.99. 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 stock has a market capitalization of $329.91 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 6.07 and a beta of 0.41. The business's 50-day simple moving average is $146.10 and its 200-day simple moving average is $148.19.

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 the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.24 billion for the quarter, compared to analysts' expectations of $21.52 billion. During the same quarter in the previous year, the business posted $1.54 EPS. Procter & Gamble's revenue for the quarter was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $1.0885 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. Procter & Gamble's dividend payout ratio (DPR) is presently 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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