Procter & Gamble Company (The) $PG Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its position in Procter & Gamble Company (The) (NYSE:PG) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 768,228 shares of the company’s stock after selling 19,647 shares during the quarter. Procter & Gamble makes up 1.3% of Welch & Forbes LLC’s investment portfolio, making the stock its 21st biggest holding. Welch & Forbes LLC’s holdings in Procter & Gamble were worth $110,095,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PG. Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $4,664,783,000. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 2,829,151 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of 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 purchasing an additional 2,741,924 shares during the period. Amundi boosted its position in shares of 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 purchasing an additional 2,222,560 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,974,556 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on PG shares. BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Rothschild & Co Redburn reduced their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. The Goldman Sachs Group reduced their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company upped their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada lowered their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $161.06.

Procter & Gamble Stock Performance

PG opened at $143.60 on Friday. The stock has a market cap of $334.39 billion, a P/E ratio of 20.99, a P/E/G ratio of 6.15 and a beta of 0.41. 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 stock’s 50 day simple moving average is $144.41 and its 200 day simple moving average is $147.89. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts anticipate 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 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 3.0%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is currently 63.60%.

Procter & Gamble 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.