Fisher Asset Management LLC Acquires 40,941 Shares of Procter & Gamble Company (The) $PG

Fisher Asset Management LLC grew its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,008,454 shares of the company’s stock after purchasing an additional 40,941 shares during the quarter. Fisher Asset Management LLC’s holdings in Procter & Gamble were worth $1,691,449,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Procter & Gamble in the third quarter worth approximately $34,000. Marquette Asset Management LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $37,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Finally, BNP Paribas Exane reduced their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.33.

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Procter & Gamble Stock Up 2.0%

Shares of Procter & Gamble stock opened at $166.95 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The company has a market cap of $388.00 billion, a P/E ratio of 24.73, a PEG ratio of 5.59 and a beta of 0.37. The firm’s 50 day moving average price is $150.95 and its 200-day moving average price is $151.05. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Trending Headlines about Procter & Gamble

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Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares in the company, valued at $7,259,595.80. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 343,069 shares of company stock valued at $54,545,448 in the last 90 days. 0.20% of the stock is owned by insiders.

Procter & Gamble Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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