Groupe la Francaise Reduces Stock Holdings in Procter & Gamble Company (The) $PG

Groupe la Francaise trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 39.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,077 shares of the company’s stock after selling 38,676 shares during the period. Groupe la Francaise’s holdings in Procter & Gamble were worth $8,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PG. Cibc World Market Inc. boosted its position in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors raised its position in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after purchasing an additional 14,492 shares during the period. Resources Management Corp CT ADV raised its position in shares of Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after purchasing an additional 24,010 shares during the period. Indivisible Partners purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $2,120,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of Procter & Gamble by 3,791.9% during the 4th quarter. Manning & Napier Advisors LLC now owns 11,053 shares of the company’s stock valued at $1,592,000 after purchasing an additional 10,769 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PG. BMO Capital Markets lifted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Sanford C. Bernstein assumed coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.52.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Procter & Gamble Stock Performance

NYSE PG opened at $144.62 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a fifty day moving average of $147.71 and a 200-day moving average of $148.92. The company has a market capitalization of $336.77 billion, a P/E ratio of 21.85, a P/E/G ratio of 7.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.53 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.99 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. Investors of record on Friday, July 24th will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.71%.

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.