BI Asset Management Fondsmaeglerselskab A S Has $122.78 Million Stock Position in Procter & Gamble Company (The) $PG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 720,479 shares of the company's stock after buying an additional 101,834 shares during the period. Procter & Gamble comprises 1.4% of BI Asset Management Fondsmaeglerselskab A S's investment portfolio, making the stock its 12th largest holding. BI Asset Management Fondsmaeglerselskab A S's holdings in Procter & Gamble were worth $122,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Navigoe LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. 10Elms LLP bought a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. grew its position in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Wells Fargo & Company lowered their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Stock Up 0.9%

Shares of PG opened at $155.68 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a 50-day simple moving average of $157.05 and a 200-day simple moving average of $163.17. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm has a market capitalization of $364.66 billion, a P/E ratio of 23.91, a P/E/G ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is 64.98%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.