Carlson Capital L.P. Buys New Holdings in Procter & Gamble Company (The) $PG

Carlson Capital L.P. purchased a new position in Procter & Gamble Company (The) (NYSE:PG) during the first quarter, Holdings Channel reports. The fund purchased 12,400 shares of the company’s stock, valued at approximately $1,791,000. Procter & Gamble accounts for 0.6% of Carlson Capital L.P.’s holdings, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 worth $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $26,000. Park Square Financial Group LLC raised 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 buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its position 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 buying an additional 171 shares during the period. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble in the 4th quarter worth $28,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Sanford C. Bernstein started coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They set a “market perform” rating and a $156.00 target price for the company. UBS Group raised their target price on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Bank of America lowered their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued 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 price target of $161.52.

Procter & Gamble Stock Up 0.5%

Shares of NYSE:PG opened at $144.62 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The firm has a market capitalization of $336.77 billion, a P/E ratio of 21.85, a P/E/G ratio of 7.20 and a beta of 0.39. The stock has a 50 day moving average price of $147.71 and a 200-day moving average price of $148.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.53 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.25%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period last year, the company posted $1.48 EPS. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 65.71%.

Key Headlines Impacting Procter & Gamble

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

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

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.