The Procter & Gamble Company (NYSE:PG), has been the subject of varied market activity. A number of institutional investors like RIA Advisory Group LLC, CIBC Asset Management Inc, Savvy Advisors Inc, and Curi RMB Capital LLC have made significant purchases of PG shares. Yet, certain others including Natixis Advisors LLC and Ferguson Wellman Capital Management Inc have decreased their holdings in PG. The stock has witnessed fluctuation with its price going up, down and being the subject of unusually large options trading. The company still maintains an average rating of 'Moderate Buy' by brokerages, but sales figures have been a reason for disappointment following weaker demand in China. PG did beat earnings estimates but missed on sales expectations. However, continued investor interest in the stock is signaled by the bullish stance of hedge funds, and short sellers opting to buy the stock. The company recently announced its Q1 2025 results and is set to report Q4 earnings. Yet, slower demand for certain products has resulted in a surprise drop in sales. Nevertheless, PG remains a favorite among billionaire investors like Ray Dalio and is considered a good stock for dividends.
Procter Gamble Company PG News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 15:03:57 GMT - Rating 5 - Innovation 5 - Information 6 - Rumor 0
