Pincus Capital Management LP Invests $33.98 Million in Procter & Gamble Company (The) $PG

Pincus Capital Management LP bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 237,090 shares of the company’s stock, valued at approximately $33,977,000. Procter & Gamble accounts for about 22.7% of Pincus Capital Management LP’s investment portfolio, making the stock its biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Camden National Bank lifted its position in shares of Procter & Gamble by 1.0% during the fourth quarter. Camden National Bank now owns 79,590 shares of the company’s stock worth $11,406,000 after purchasing an additional 821 shares during the last quarter. Beto Financial Group LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $748,000. Allen Investment Management LLC raised its holdings in shares of Procter & Gamble by 6.7% in the fourth quarter. Allen Investment Management LLC now owns 69,760 shares of the company’s stock valued at $9,997,000 after acquiring an additional 4,405 shares in the last quarter. AXQ Capital LP bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $1,761,000. Finally, Vantus Wealth LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $825,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BNP Paribas Exane decreased their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. The Goldman Sachs Group decreased their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada decreased their price objective on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Finally, Raymond James Financial decreased their price objective on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.06.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $140.34 on Tuesday. The company has a market capitalization of $326.81 billion, a PE ratio of 20.52, a P/E/G ratio of 6.15 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The company has a 50-day simple moving average of $144.32 and a two-hundred day simple moving average of $147.85. Procter & Gamble Company has a one year low of $137.62 and a one year high of $169.04.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.

About Procter & Gamble

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.