Procter & Gamble Company (The) $PG Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 5,158,379 shares of the company’s stock after acquiring an additional 113,456 shares during the period. Principal Financial Group Inc.’s holdings in Procter & Gamble were worth $792,585,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after purchasing an additional 3,189,111 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock worth $9,439,341,000 after buying an additional 1,060,713 shares during the last quarter. Norges Bank purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth about $5,099,644,000. Charles Schwab Investment Management Inc. grew its stake in Procter & Gamble by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after acquiring an additional 294,673 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. UBS Group upped their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and upped their target price for the company from $150.00 to $156.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Rothschild & Co Redburn boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company increased their price objective on Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $151.80 on Friday. The stock has a fifty day moving average price of $144.89 and a 200 day moving average price of $150.31. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The firm has a market capitalization of $352.78 billion, a P/E ratio of 22.49, a PEG ratio of 4.98 and a beta of 0.39. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the sale, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

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.