Macquarie Group Ltd. Cuts Stock Holdings in Procter & Gamble Company (The) $PG

Macquarie Group Ltd. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 457,177 shares of the company’s stock after selling 32,200 shares during the period. Macquarie Group Ltd.’s holdings in Procter & Gamble were worth $65,344,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC raised its stake in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. raised its stake in shares of Procter & Gamble by 1,315.4% in the 4th 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 period. Litman Gregory Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $26,000. Finally, Maseco LLP purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PG shares. BNP Paribas Exane cut their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Morgan Stanley cut their target price on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Finally, Jefferies Financial Group cut their target price on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $160.78.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $149.47 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a market capitalization of $348.04 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 6.45 and a beta of 0.39. 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’s fifty day moving average price is $144.63 and its 200 day moving average price is $147.70.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’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 forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid 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 yield of 2.9%. Procter & Gamble’s payout ratio is presently 63.60%.

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.