Berkshire Asset Management LLC PA Sells 8,242 Shares of Procter & Gamble Company (The) $PG

Berkshire Asset Management LLC PA trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,192 shares of the company’s stock after selling 8,242 shares during the quarter. Procter & Gamble makes up about 1.4% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 29th biggest holding. Berkshire Asset Management LLC PA’s holdings in Procter & Gamble were worth $32,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PG. Norges Bank bought a new position in Procter & Gamble in the fourth quarter valued at approximately $4,664,783,000. Cardano Risk Management B.V. grew its stake 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 purchasing an additional 8,731,126 shares in the last quarter. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after purchasing an additional 2,741,924 shares in the last quarter. Finally, Amundi grew its stake in Procter & Gamble by 26.3% in the third quarter. Amundi now owns 10,682,455 shares of the company’s stock valued at $1,606,748,000 after purchasing an additional 2,222,560 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada reduced their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. TD Cowen lifted their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, Jefferies Financial Group reduced their target price on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $152.38 on Wednesday. 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. The stock has a 50 day moving average of $144.96 and a 200-day moving average of $147.75. The company has a market capitalization of $354.83 billion, a P/E ratio of 22.28, a P/E/G ratio of 6.54 and a beta of 0.39.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is 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.