Cannell & Spears LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,707 shares of the company’s stock after selling 6,457 shares during the period. Cannell & Spears LLC’s holdings in Procter & Gamble were worth $9,494,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its stake 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 buying an additional 150 shares during the period. Park Square Financial Group LLC lifted its stake in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. boosted its holdings in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $26,000. Finally, Maseco LLP acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. Institutional investors own 65.77% of the company’s stock.
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Analyst previews suggest P&G still has a path to an earnings beat, with investors watching key operating metrics beyond headline revenue and EPS for signs of resilient demand and execution. What Analyst Projections for Key Metrics Reveal About P&G (PG) Q4 Earnings
- Positive Sentiment: Coverage ahead of the report notes that sales growth is still expected, which could support sentiment if P&G shows continued pricing power and volume stability. Procter & Gamble to Report Q4 Earnings: What Should You Know?
- Neutral Sentiment: Investors are also weighing external cost pressures, including tariffs and energy expenses, which could affect margins but are not yet a clear earnings surprise. Is Procter & Gamble (NYSE:PG) Standing Firm As Energy Costs Rise?
- Negative Sentiment: Recent market coverage says PG dipped more than the broader market, reflecting concern that earnings expectations may be offset by margin pressure and a cautious setup into results. Why Procter & Gamble (PG) Dipped More Than Broader Market Today
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is currently 63.60%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Bank of America decreased their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. 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. The Goldman Sachs Group dropped their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. BMO Capital Markets upped their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, UBS Group increased their price target on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $161.74.
Check Out Our Latest Report on PG
About Procter & Gamble
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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