Procter & Gamble Company (The) $PG Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.5% in the first quarter, Holdings Channel.com reports. The firm owned 3,576,736 shares of the company’s stock after selling 17,704 shares during the quarter. Procter & Gamble comprises about 0.8% of Lazard Asset Management LLC’s portfolio, making the stock its 23rd largest position. Lazard Asset Management LLC’s holdings in Procter & Gamble were worth $516,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $4,664,783,000. Cardano Risk Management B.V. boosted its holdings in Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock valued at $1,364,518,000 after acquiring an additional 8,731,126 shares during the last quarter. Auto Owners Insurance Co grew its position in Procter & Gamble by 14,231.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after acquiring an additional 3,524,876 shares during the period. Vanguard Group Inc. increased its stake in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares during the last quarter. Finally, Amundi increased its stake in Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after acquiring an additional 2,222,560 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1%

NYSE PG opened at $147.30 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a 50 day moving average price of $147.33 and a two-hundred day moving average price of $148.76. The stock has a market cap of $343.00 billion, a PE ratio of 21.53, a P/E/G ratio of 7.33 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $21.52 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be paid a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is 63.60%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. The Goldman Sachs Group cut their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein began 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. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.74.

Procter & Gamble News Summary

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

• Positive Sentiment: Analyst previews suggest P&G still has a path to an earnings beat, with investors watching key operating metrics beyond headline revenue and EPS for signs of resilient demand and execution. What Analyst Projections for Key Metrics Reveal About P&G (PG) Q4 Earnings
• Positive Sentiment: Coverage ahead of the report notes that sales growth is still expected, which could support sentiment if P&G shows continued pricing power and volume stability. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Neutral Sentiment: Investors are also weighing external cost pressures, including tariffs and energy expenses, which could affect margins but are not yet a clear earnings surprise. Is Procter & Gamble (NYSE:PG) Standing Firm As Energy Costs Rise?
• Negative Sentiment: Recent market coverage says PG dipped more than the broader market, reflecting concern that earnings expectations may be offset by margin pressure and a cautious setup into results. Why Procter & Gamble (PG) Dipped More Than Broader Market Today

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.