NEOS Investment Management LLC Boosts Stake in Procter & Gamble by 10.5%

NEOS Investment Management LLC has increased its stake in Procter & Gamble (PG) by 10.5% during the second quarter, according to a recent SEC filing. The company now owns 378,596 shares of PG's stock, valued at $55,517,000. This boost comes as part of a larger trend of institutional investors buying into the consumer goods giant.

The filing reveals that NEOS purchased an additional 35,902 shares during the quarter, bringing its total holdings to their current level. Other institutional investors have also increased their stakes in PG, with Carson Advisory Inc. raising its holdings by 0.5% and Cary Street Partners Investment Advisory LLC increasing its stake by 1.8%. However, not all analysts are optimistic about PG's future prospects.

The company has set its FY 2027 guidance at $6.890-7.110 EPS, and analysts predict that it will post $6.99 earnings per share for the current fiscal year. Despite this, PG has a consensus rating of 'Moderate Buy' from MarketBeat.com, with thirteen analysts giving the stock a buy rating and eleven issuing a hold rating.