Bowen Hanes & Co. Inc. Sells 12,720 Shares of Procter & Gamble Company (The) $PG

Bowen Hanes & Co. Inc. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 332,618 shares of the company’s stock after selling 12,720 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Procter & Gamble were worth $47,667,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PG. E Fund Management Hong Kong Co. Ltd. boosted its stake in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC boosted its stake in Procter & Gamble by 65.1% in 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 in the last quarter. Maseco LLP acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $28,000. Saranac Partners Ltd acquired a new stake in Procter & Gamble in the 3rd quarter worth approximately $30,000. Finally, Caitlin John LLC acquired a new stake in Procter & Gamble in the 3rd quarter worth approximately $34,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

NYSE:PG opened at $140.47 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The firm has a market cap of $327.09 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 6.04 and a beta of 0.39. The company has a 50 day moving average price of $144.17 and a 200-day moving average price of $147.74. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $168.04.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.24 billion during 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%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $1.0885 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. Procter & Gamble’s payout ratio is presently 63.60%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. UBS Group lifted their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Piper Sandler lifted their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Bank of America lowered their target price on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Evercore set a $162.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.06.

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.