Johnson Wealth Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,818 shares of the company’s stock, valued at approximately $1,550,000. Procter & Gamble accounts for 0.8% of Johnson Wealth Management LLC’s holdings, making the stock its 20th biggest holding.
Several other large investors have also recently added to or reduced their stakes in the stock. Trilogy Capital Inc. increased its stake in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after buying an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. increased its stake in Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after buying an additional 68 shares during the period. Grant Street Asset Management Inc. increased its stake in Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after buying an additional 69 shares during the period. Finally, Beech Hill Advisors Inc. increased its stake in Procter & Gamble by 0.5% in the 4th quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company’s stock valued at $2,040,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of PG opened at $149.36 on Thursday. 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 company’s fifty day moving average is $144.44 and its 200-day moving average is $147.70. The firm has a market cap of $347.80 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 6.38 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is currently 63.60%.
Key Headlines Impacting Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Jim Cramer praised Procter & Gamble as a stock that helps investors safely own higher-volatility tech names, reinforcing PG’s appeal as a defensive holding during market sell-offs. Jim Cramer Says “The P&Gs and the J&Js in Your Portfolio Allow You to Safely Own the Techs”
- Positive Sentiment: P&G’s Downy brand launched Boutique Botanicals scent beads, expanding its premium home care lineup and potentially supporting growth in a core category. Procter And Gamble Taps Cynthia Rowley For Premium Downy Scent Launch
- Positive Sentiment: Haut.AI’s collaboration with OLAY on virtual companion skincare technology could strengthen P&G’s beauty innovation and improve the consumer experience for a major brand. Haut.AI Collaborates with OLAY on Virtual Companion Technology to Power Clinically Modeled Skincare Simulations
- Neutral Sentiment: P&G presented at the Evercore Consumer & Retail Conference, which may have kept attention on the company but did not include a clear new financial catalyst. The Procter & Gamble Company (PG) Presents at The 6th Annual Evercore Consumer & Retail Conference Transcript
- Neutral Sentiment: Commentary pieces continued to frame PG as a dependable dividend and “market shield” stock, reinforcing its defensive profile rather than signaling a major new operational development. 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Paid a Continuous Dividend Since 1891 How Procter and Gamble Became the Market’s Shield
Analysts Set New Price Targets
PG has been the topic of several research reports. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Rothschild & Co Redburn dropped their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Finally, Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.06.
Get Our Latest Stock Analysis on PG
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.
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