Oppenheimer & Co. Inc. Increases Holdings in Procter & Gamble Company (The) $PG

Oppenheimer & Co. Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,503 shares of the company’s stock after purchasing an additional 4,515 shares during the period. Oppenheimer & Co. Inc.’s holdings in Procter & Gamble were worth $20,565,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Maseco LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $28,000. Saranac Partners Ltd purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $30,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Key Procter & Gamble News

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PG. The Goldman Sachs Group lowered their price target on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Raymond James Financial lowered their target price on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada lowered their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. UBS Group upped their target price on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday. Finally, BNP Paribas Exane lowered their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.06.

Read Our Latest Stock Analysis on Procter & Gamble

Procter & Gamble Stock Up 0.6%

Procter & Gamble stock opened at $147.27 on Friday. The business has a fifty day moving average of $149.44 and a two-hundred day moving average of $148.62. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm has a market cap of $342.93 billion, a P/E ratio of 21.53, a P/E/G ratio of 6.27 and a beta of 0.41. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results 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. The company had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is currently 63.60%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 252,715 shares of company stock valued at $40,966,904. Corporate insiders own 0.20% of the company’s stock.

About Procter & Gamble

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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