Sumitomo Mitsui DS Asset Management Company Ltd Has $86.68 Million Stake in Procter & Gamble Company (The) $PG

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 564,105 shares of the company’s stock after acquiring an additional 6,687 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Procter & Gamble were worth $86,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 13.7% in the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after buying an additional 1,846 shares during the period. Czech National Bank raised its holdings in Procter & Gamble by 3.8% in the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after acquiring an additional 21,825 shares in the last quarter. Vega Investment Solutions lifted its position in shares of Procter & Gamble by 1.3% during the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after acquiring an additional 8,500 shares during the period. Westerkirk Capital Inc. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth $4,796,000. Finally, Caliber Wealth Management LLC KS increased its position in shares of Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares during the period. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PG. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research note on Monday, October 27th. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Wednesday. They set a “neutral” rating and a $150.00 price objective for the company. Finally, Dbs Bank raised Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Fifteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $169.23.

Check Out Our Latest Report on Procter & Gamble

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares of the company’s stock, valued at $146,429.03. The trade was a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Key Stories Impacting Procter & Gamble

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

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $141.81 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a market cap of $331.37 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 4.77 and a beta of 0.39. The firm has a 50 day simple moving average of $144.93 and a 200 day simple moving average of $151.57.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.75%.

Procter & Gamble Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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