Choate Investment Advisors Trims Stake in Procter & Gamble Company (The) $PG

Choate Investment Advisors lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 23.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 159,842 shares of the company’s stock after selling 48,017 shares during the period. Procter & Gamble makes up approximately 0.4% of Choate Investment Advisors’ portfolio, making the stock its 29th largest position. Choate Investment Advisors’ holdings in Procter & Gamble were worth $22,907,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. raised its holdings in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC raised its holdings in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Maseco LLP acquired a new position in Procter & Gamble in the 4th quarter valued at $28,000. Saranac Partners Ltd acquired a new position in Procter & Gamble in the 3rd quarter valued at $30,000. Finally, Caitlin John LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. This represents a 84.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. Piper Sandler increased their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $161.06.

Procter & Gamble Trading Up 0.0%

PG stock opened at $144.50 on Monday. The company has a market cap of $336.49 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 6.19 and a beta of 0.41. 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 business has a fifty day simple moving average of $144.93 and a 200-day simple moving average of $147.95. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $170.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is currently 63.60%.

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.