Boomfish Wealth Group LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 176.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,688 shares of the company’s stock after buying an additional 8,729 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Procter & Gamble were worth $1,977,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Advocate Investing Services LLC raised its holdings in shares of Procter & Gamble by 154.6% during the first quarter. Advocate Investing Services LLC now owns 5,657 shares of the company’s stock valued at $817,000 after acquiring an additional 3,435 shares during the period. Midwest Financial Group LLC lifted its position in shares of Procter & Gamble by 4.1% in the 1st quarter. Midwest Financial Group LLC now owns 3,807 shares of the company’s stock valued at $550,000 after acquiring an additional 149 shares in the last quarter. AGH Wealth Advisors LLC boosted its stake in Procter & Gamble by 11.1% in the 1st quarter. AGH Wealth Advisors LLC now owns 2,548 shares of the company’s stock worth $368,000 after purchasing an additional 254 shares during the period. BKM Wealth Management LLC grew its position in Procter & Gamble by 2.6% during the 1st quarter. BKM Wealth Management LLC now owns 11,241 shares of the company’s stock worth $1,624,000 after purchasing an additional 289 shares in the last quarter. Finally, Wernau Asset Management Inc. grew its position in Procter & Gamble by 0.8% during the 1st quarter. Wernau Asset Management Inc. now owns 13,321 shares of the company’s stock worth $1,924,000 after purchasing an additional 101 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Up 0.7%
PG opened at $149.49 on Friday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a 50-day moving average of $145.94 and a 200-day moving average of $147.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market capitalization of $348.11 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 6.48 and a beta of 0.39.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is presently 63.60%.
Key Headlines Impacting Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Jefferies raised its price target on Procter & Gamble to $179 from $177 and reiterated a Buy rating, implying notable upside versus the current trading level. Jefferies adjusts price target on Procter & Gamble to $179 from $177, maintains Buy rating
- Positive Sentiment: P&G’s Native personal-care brand announced new product launches, including a detoxifying body scrub collection and upgraded deodorant and body wash offerings, which may support growth in its beauty and grooming portfolio. Native Shakes Up the Body Care Category with New Detoxifying Body Scrub Collection Native Launches Reformulated Deodorant and Body Washes with Enhanced Performance and Improved Formulations
- Neutral Sentiment: Procter & Gamble Hygiene & Health Care shut its trading window ahead of quarterly results, a routine corporate action that does not directly affect the U.S.-listed parent’s fundamentals. P&G Hygiene & Health Care shuts trading window ahead of Q1 FY27 results
- Negative Sentiment: Earlier coverage highlighted that PG fell more than the broader market in the prior session, suggesting some short-term pressure remained despite the upbeat analyst call. Here’s Why Procter & Gamble (PG) Fell More Than Broader Market
Analysts Set New Price Targets
PG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. BNP Paribas Exane lowered their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Piper Sandler increased their price objective on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Barclays decreased their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, Rothschild & Co Redburn lowered their target price on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $161.00.
View Our Latest Research Report on PG
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.
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