Magellan Asset Management Ltd Buys 4,910 Shares of Procter & Gamble Company (The) $PG

Magellan Asset Management Ltd increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,642,678 shares of the company’s stock after buying an additional 4,910 shares during the period. Procter & Gamble makes up about 2.9% of Magellan Asset Management Ltd’s portfolio, making the stock its 10th biggest position. Magellan Asset Management Ltd’s holdings in Procter & Gamble were worth $235,412,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PG. E Fund Management Hong Kong Co. Ltd. lifted its stake in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC lifted its stake in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Evolution Wealth Management Inc. lifted its stake in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after buying an additional 171 shares during the period. Maseco LLP acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $28,000. Finally, Saranac Partners Ltd acquired a new position in Procter & Gamble in the third quarter valued at approximately $30,000. 65.77% of the stock is owned by institutional investors and hedge funds.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Procter & Gamble will webcast its presentation from the Evercore Consumer and Retail Conference on June 10, which could give investors fresh updates on demand trends, pricing, margins, and guidance expectations. P&G to Webcast Presentation From the Evercore Consumer and Retail Conference, June 10
• Positive Sentiment: PG highlighted its presentation at the 23rd Annual dbAccess Global Consumer Conference, reinforcing management’s active engagement with investors and analysts. The Procter and Gamble Company (PG) Presents at 23rd annual dbAccess Global Consumer Conference – Slideshow
• Positive Sentiment: Walmart announced a $10.8 million disaster-relief grant to Matthew 25: Ministries in collaboration with Procter & Gamble, a reputationally positive note that underscores PG’s role in large-scale consumer and community partnerships. Walmart Grants $10.8M to Matthew 25: Ministries for Disaster Fleet Expansion in Collaboration with Procter & Gamble

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PG. Wells Fargo & Company boosted their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Evercore set a $162.00 price target on Procter & Gamble in a research note on Monday, April 27th. Barclays decreased their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Morgan Stanley decreased their price objective on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $161.06.

Procter & Gamble Trading Up 0.4%

NYSE PG opened at $140.80 on Friday. The company has a market cap of $327.87 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 6.01 and a beta of 0.39. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The business has a 50 day moving average price of $144.13 and a 200-day moving average price of $147.69. 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 announced its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Procter & Gamble’s revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business 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 3.1%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio is currently 63.60%.

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.