LPL Financial LLC Has $573.53 Million Stock Position in Procter & Gamble Company (The) $PG

LPL Financial LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,001,999 shares of the company’s stock after selling 9,286 shares during the period. LPL Financial LLC’s holdings in Procter & Gamble were worth $573,526,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PG. Norges Bank bought a new position in Procter & Gamble in the 4th quarter valued at about $4,664,783,000. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 2,829,151 shares during the period. Assenagon Asset Management S.A. raised its holdings in Procter & Gamble by 100.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after acquiring an additional 2,741,924 shares during the period. Amundi raised its holdings in Procter & Gamble by 26.3% in the 3rd quarter. Amundi now owns 10,682,455 shares of the company’s stock valued at $1,606,748,000 after acquiring an additional 2,222,560 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PG. Jefferies Financial Group lowered their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. TD Cowen increased their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Barclays lowered their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $161.06.

Procter & Gamble Stock Down 1.0%

Shares of PG opened at $145.09 on Tuesday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm’s 50 day moving average is $144.24 and its 200-day moving average is $147.68. The stock has a market capitalization of $337.86 billion, a PE ratio of 21.21, a P/E/G ratio of 6.29 and a beta of 0.39. 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 (NYSE:PG) last announced its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $21.24 billion for 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. 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. Procter & Gamble’s payout ratio is 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.