Principal Financial Group Inc. Reduces Position in Procter & Gamble Company (The) $PG

Principal Financial Group Inc. decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,746,404 shares of the company’s stock after selling 113,366 shares during the quarter. Principal Financial Group Inc.’s holdings in Procter & Gamble were worth $685,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. raised its stake in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $26,000. Park Square Financial Group LLC increased its holdings in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Finally, Basso Capital Management L.P. purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $148.41 on Tuesday. The company has a market capitalization of $345.59 billion, a P/E ratio of 21.70, a P/E/G ratio of 6.26 and a beta of 0.39. The business’s 50 day moving average is $146.60 and its two-hundred day moving average is $148.44. 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 Company has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion during 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 business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts expect that Procter & Gamble Company will post 6.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PG shares. Barclays decreased their target price on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Morgan Stanley reduced their price target on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Evercore set a $162.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Finally, Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.42.

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.