North Dakota State Investment Board Buys New Stake in Procter & Gamble Company (The) $PG

North Dakota State Investment Board bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, Holdings Channel reports. The institutional investor bought 80,561 shares of the company’s stock, valued at approximately $11,545,000.

Several other institutional investors also recently bought and sold shares of the stock. Rossmore Private Capital grew its stake in Procter & Gamble by 23.7% during the fourth quarter. Rossmore Private Capital now owns 48,706 shares of the company’s stock valued at $6,980,000 after acquiring an additional 9,338 shares in the last quarter. United Bank grew its stake in Procter & Gamble by 1.8% during the fourth quarter. United Bank now owns 16,640 shares of the company’s stock valued at $2,385,000 after acquiring an additional 293 shares in the last quarter. Abacus Wealth Partners LLC lifted its position in Procter & Gamble by 70.5% during the fourth quarter. Abacus Wealth Partners LLC now owns 4,270 shares of the company’s stock valued at $612,000 after purchasing an additional 1,765 shares during the last quarter. Park Square Financial Group LLC lifted its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Finally, L & S Advisors Inc lifted its position in Procter & Gamble by 120.2% during the fourth quarter. L & S Advisors Inc now owns 50,429 shares of the company’s stock valued at $7,227,000 after purchasing an additional 27,525 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.1%

Shares of PG opened at $141.68 on Monday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.99. The company has a 50-day moving average of $146.10 and a 200 day moving average of $148.19. The firm has a market capitalization of $329.91 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 6.07 and a beta of 0.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53.

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

Procter & Gamble Increases Dividend

The business 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. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. 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 dividend payout ratio (DPR) is 63.60%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of 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. Evercore set a $162.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Bank of America lowered their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Royal Bank Of Canada lowered their price objective on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.06.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the sale, the insider owned 30,215 shares in the company, valued at $4,818,083.90. This trade represents a 5.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at $170,083.41. This trade represents a 84.36% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

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.