Rakuten Investment Management Inc. Purchases Shares of 672,229 Procter & Gamble Company (The) $PG

Rakuten Investment Management Inc. acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 672,229 shares of the company’s stock, valued at approximately $103,288,000. Procter & Gamble makes up about 0.3% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $25,000. Signature Resources Capital Management LLC boosted its stake in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Corundum Trust Company INC bought a new stake in Procter & Gamble during the 3rd quarter valued at approximately $32,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. UBS Group cut their price objective on shares of Procter & Gamble from $176.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.36.

Procter & Gamble Stock Performance

NYSE:PG opened at $146.96 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $144.67 and a 200 day moving average price of $150.70. The firm has a market capitalization of $343.40 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 4.89 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s payout ratio is currently 61.75%.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. This trade represents a 42.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

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.