Cidel Asset Management Inc. Has $13.36 Million Stock Holdings in Procter & Gamble Company (The) $PG

Cidel Asset Management Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 26.7% during the 1st quarter, Holdings Channel reports. The firm owned 92,525 shares of the company’s stock after purchasing an additional 19,474 shares during the quarter. Cidel Asset Management Inc.’s holdings in Procter & Gamble were worth $13,364,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after acquiring an additional 1,016 shares in the last quarter. Auxano Advisors LLC lifted its position in shares of Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after acquiring an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in shares of Procter & Gamble by 2.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after acquiring an additional 809 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Piper Sandler upped their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Sanford C. Bernstein began coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective on the stock. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company boosted their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.

Procter & Gamble Price Performance

Shares of PG opened at $151.11 on Wednesday. The business’s fifty day moving average is $145.57 and its 200 day moving average is $147.85. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The stock has a market cap of $351.87 billion, a P/E ratio of 22.09, a P/E/G ratio of 6.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. During the same quarter in the previous year, the business posted $1.54 EPS. Procter & Gamble’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. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.