Nomura Asset Management Co. Ltd. Grows Stake in Procter & Gamble Company (The) $PG

Nomura Asset Management Co. Ltd. grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,255,118 shares of the company’s stock after acquiring an additional 8,404 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.05% of Procter & Gamble worth $179,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC increased its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Maseco LLP acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $28,000. Saranac Partners Ltd acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $30,000. Finally, Caitlin John LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.6%

Procter & Gamble stock opened at $143.60 on Friday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99. The stock has a 50 day moving average of $144.41 and a two-hundred day moving average of $147.89. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $334.39 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 6.15 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share 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 company had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter 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, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is 63.60%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Jefferies Financial Group decreased their target price on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Piper Sandler upped their target price on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.06.

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.