Tobam Increases Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Tobam dramatically increased its stake in Procter & Gamble, boosting holdings by 1,082% in the fourth quarter to 18,215 shares worth about $2.61 million.
• Procter & Gamble posted solid quarterly results, with adjusted EPS of $1.59 beating estimates, while revenue rose 7.4% year over year to $21.23 billion.
• The company raised its dividend to $1.0885 per share quarterly, implying an annualized payout of $4.35 and a yield of 2.9%; analysts currently rate the stock a consensus “Moderate Buy.”

Tobam boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1,082.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,215 shares of the company's stock after acquiring an additional 16,674 shares during the period. Tobam's holdings in Procter & Gamble were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC raised its position in shares of Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. lifted its stake in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after buying an additional 171 shares in the last quarter. Finally, Basso Capital Management L.P. purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.3%

Shares of NYSE:PG opened at $150.85 on Friday. The stock has a 50-day simple moving average of $145.43 and a 200-day simple moving average of $147.80. The stock has a market capitalization of $351.26 billion, a P/E ratio of 22.05, a PEG ratio of 6.54 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 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.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.23 billion for 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 for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced 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 payout ratio is 63.60%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial dropped their price target on Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Piper Sandler upped their price objective on Procter & Gamble from $142.00 to $145.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Jefferies Financial Group decreased their price objective on Procter & Gamble from $179.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Rothschild & Co Redburn cut their target price 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 equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.78.

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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