Manning & Napier Advisors LLC Has $1.59 Million Stock Holdings in Procter & Gamble Company (The) $PG

Manning & Napier Advisors LLC increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 3,791.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,053 shares of the company’s stock after buying an additional 10,769 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Procter & Gamble were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the period. State Street Corp grew its position in Procter & Gamble by 0.4% during the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after purchasing an additional 370,872 shares in the last quarter. Franklin Resources Inc. increased its stake in Procter & Gamble by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after buying an additional 1,752,481 shares during the period. Legal & General Group Plc increased its stake in Procter & Gamble by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock valued at $2,543,839,000 after buying an additional 189,968 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Procter & Gamble by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 11,008,454 shares of the company’s stock worth $1,691,449,000 after buying an additional 40,941 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble News Roundup

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

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Royal Bank Of Canada cut their price objective on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. TD Cowen raised their price target on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.06.

Get Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

NYSE:PG opened at $146.44 on Monday. The firm has a market capitalization of $341.00 billion, a PE ratio of 21.41, a PEG ratio of 6.28 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.99. The firm’s fifty day simple moving average is $148.41 and its 200 day simple moving average is $148.55.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is 63.60%.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 244,715 shares of company stock worth $39,702,904. 0.20% of the stock is currently owned by company insiders.

About Procter & Gamble

(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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