Kornitzer Capital Management Inc. KS Reduces Holdings in Procter & Gamble Company (The) $PG

Kornitzer Capital Management Inc. KS decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 356,538 shares of the company’s stock after selling 6,447 shares during the quarter. Procter & Gamble accounts for about 1.1% of Kornitzer Capital Management Inc. KS’s investment portfolio, making the stock its 22nd largest position. Kornitzer Capital Management Inc. KS’s holdings in Procter & Gamble were worth $51,095,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $202,833,000. Horizon Investments LLC increased its position in Procter & Gamble by 14.8% in the fourth quarter. Horizon Investments LLC now owns 200,751 shares of the company’s stock worth $28,567,000 after purchasing an additional 25,846 shares during the last quarter. Acorn Creek Capital LLC increased its position in Procter & Gamble by 17.6% in the fourth quarter. Acorn Creek Capital LLC now owns 1,751 shares of the company’s stock worth $251,000 after purchasing an additional 262 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in Procter & Gamble by 16.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 19,754 shares of the company’s stock worth $2,831,000 after purchasing an additional 2,793 shares during the last quarter. Finally, Summit Place Financial Advisors LLC increased its position in Procter & Gamble by 2.5% during the fourth quarter. Summit Place Financial Advisors LLC now owns 14,793 shares of the company’s stock valued at $2,120,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PG shares. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Barclays reduced their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Jefferies Financial Group cut their price objective on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Rothschild & Co Redburn cut their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.06.

Procter & Gamble Stock Up 0.2%

Shares of PG opened at $147.44 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.99. The company has a market capitalization of $343.34 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 6.30 and a beta of 0.41. The stock has a fifty day simple moving average of $149.44 and a two-hundred day simple moving average of $148.62. 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 (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same period last year, the company earned $1.54 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.92 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be paid a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Insider Buying and Selling at Procter & Gamble

In related news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 252,715 shares of company stock valued at $40,966,904. Insiders own 0.20% of the company’s stock.

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.