Keynote Financial Services LLC Raises Stock Holdings in Procter & Gamble Company (The) $PG

Keynote Financial Services LLC increased its position in Procter & Gamble Company (The) (NYSE:PG) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,160 shares of the company’s stock after purchasing an additional 4,623 shares during the period. Procter & Gamble accounts for 1.5% of Keynote Financial Services LLC’s portfolio, making the stock its 12th biggest position. Keynote Financial Services LLC’s holdings in Procter & Gamble were worth $2,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Norges Bank purchased a new stake in Procter & Gamble in the fourth quarter worth $4,664,783,000. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares during the period. Assenagon Asset Management S.A. grew its stake in Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock worth $782,607,000 after purchasing an additional 2,741,924 shares during the period. Amundi grew its stake in Procter & Gamble by 26.3% in the third quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after purchasing an additional 2,222,560 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Procter & Gamble by 272.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,986,061 shares of the company’s stock worth $427,932,000 after purchasing an additional 2,183,911 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Sanford C. Bernstein began coverage on Procter & Gamble in a research note on Thursday. They issued a “market perform” rating and a $156.00 price target on the stock. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Morgan Stanley reduced their price target on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen upped their price target on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Finally, Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.

Procter & Gamble Trading Up 0.8%

Procter & Gamble stock opened at $149.47 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $144.63 and its two-hundred day simple moving average is $147.70. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a market capitalization of $348.04 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 6.45 and a beta of 0.39.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.9%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s dividend payout ratio is presently 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.