North Dallas Bank & Trust Co. acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 14,742 shares of the company’s stock, valued at approximately $2,113,000. Procter & Gamble comprises 1.4% of North Dallas Bank & Trust Co.’s investment portfolio, making the stock its 19th biggest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC lifted its holdings in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Maseco LLP bought a new position in Procter & Gamble during the 4th quarter valued at about $28,000. Finally, Saranac Partners Ltd bought a new position in Procter & Gamble during the 3rd quarter valued at about $30,000. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Trading Up 2.4%
PG opened at $148.52 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. The stock has a market capitalization of $345.83 billion, a PE ratio of 21.71, a PEG ratio of 6.23 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm has a 50-day moving average price of $144.35 and a two-hundred day moving average price of $147.70.
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 $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is 63.60%.
Analysts Set New Price Targets
PG has been the subject of several analyst reports. Rothschild & Co Redburn cut their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. TD Cowen lifted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Piper Sandler lifted their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Barclays cut their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $161.06.
View Our Latest Research Report on Procter & Gamble
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble’s Downy brand is launching Boutique Botanicals, a premium in-wash scent bead line created with Cynthia Rowley, which may help strengthen its home-care portfolio and support higher-margin premium sales. Procter And Gamble Taps Cynthia Rowley For Premium Downy Scent Launch
- Positive Sentiment: The new Downy Boutique Botanicals launch was also highlighted in a company release, reinforcing ongoing innovation in a core household-products business that investors often view as resilient in uncertain markets. New Downy Boutique Botanicals Scent Beads Bring Nature-Inspired Boutique Fragrances to Your Laundry
- Neutral Sentiment: Commentary describing Procter & Gamble as “the market’s shield” underscores the company’s defensive appeal, but it is more of a sentiment piece than a direct earnings or guidance catalyst. How Procter and Gamble Became the Market’s Shield
- Neutral Sentiment: Broader rotation out of tech and into defensive sectors may be providing a tailwind for PG, but this is an indirect market factor rather than company-specific news. Deja Vu? AI Overspending Fears Renew
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.
Recommended Stories
- Five stocks we like better than Procter & Gamble
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
