Waycross Partners LLC Increases Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Waycross Partners LLC more than doubled its Procter & Gamble stake in the first quarter, increasing holdings by 117.1% to 220,784 shares worth about $31.9 million.
• Procter & Gamble reported quarterly EPS of $1.59, beating estimates, though revenue of $21.23 billion came in slightly below expectations. The company also raised its FY2026 guidance to $6.83-$7.09 EPS.
• The company declared a quarterly dividend of $1.0885 per share, payable August 17, extending its long dividend record and offering a 2.9% yield. Wall Street remains generally constructive, with a consensus rating of Moderate Buy and an average price target of $161.42.

Waycross Partners LLC grew its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 117.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,784 shares of the company's stock after purchasing an additional 119,076 shares during the period. Procter & Gamble makes up approximately 3.0% of Waycross Partners LLC's portfolio, making the stock its 15th biggest holding. Waycross Partners LLC's holdings in Procter & Gamble were worth $31,890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PG. Vanguard Group Inc. raised 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 buying an additional 2,829,151 shares during the last quarter. State Street Corp boosted its holdings in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after acquiring an additional 984,102 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 3.3% during the fourth 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 during the period. Norges Bank purchased a new position in Procter & Gamble during the fourth quarter worth about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.1%

Shares of Procter & Gamble stock opened at $149.84 on Monday. The company has a 50-day moving average of $146.80 and a two-hundred day moving average of $148.56. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $348.92 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 7.46 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping 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 $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be issued a $1.0885 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble's dividend payout ratio is 63.60%.

Procter & Gamble News Summary

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

• Positive Sentiment: Procter & Gamble’s long dividend track record remains a key support for the stock, with the company having raised its payout for 70 consecutive years, reinforcing its status as a dependable income name. Article title
• Positive Sentiment: JPMorgan kept an overweight rating on PG while only trimming its price target to $162 from $164, signaling continued upside expectations from current levels. Article title
• Positive Sentiment: Some commentary says PG still screens as undervalued and could benefit from planned cuts to as many as 7,000 non-manufacturing roles, which may improve margins over time. Article title
• Neutral Sentiment: Erste Group slightly lowered its FY2026 and FY2027 earnings estimates, but the changes were minimal and its full-year FY2026 forecast still matches consensus. Article title
• Neutral Sentiment: UBS said consumer-staple companies likely had another “tricky” quarter, which suggests a challenging operating backdrop for PG and peers rather than a company-specific setback. Article title
• Negative Sentiment: The stock is also being pressured by a broader risk-off move and weakness in equities, including a selloff in growth/AI-related names that has pushed some investors back toward defensive stocks like PG. Article title

Wall Street Analyst Weigh In

Several research firms have issued reports on PG. Morgan Stanley dropped their target price on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Jefferies Financial Group upped their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. TD Cowen increased 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. Finally, Rothschild & Co Redburn reduced their target price on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.42.

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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