Danske Bank A S Trims Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Danske Bank reduced its Procter & Gamble position by 2.9% in the second quarter, selling 48,982 shares and retaining 1.62 million shares valued at approximately $236.9 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates of $1.41, while revenue of $21.20 billion fell short of expectations. Revenue increased 1.5% year over year, and analysts project $6.98 in EPS for the current fiscal year.
• PG shares opened at $144.77, while analysts maintain a “Moderate Buy” consensus with an average price target of $161.52. The company pays a quarterly dividend of $1.0885 per share, equating to a 3.0% annualized yield.

Danske Bank A S cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,615,548 shares of the company's stock after selling 48,982 shares during the period. Danske Bank A S owned 0.07% of Procter & Gamble worth $236,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its holdings in shares of Procter & Gamble by 1,200.4% during the 2nd quarter. Diversify Advisory Services LLC now owns 27,270 shares of the company's stock worth $4,053,000 after purchasing an additional 25,173 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $1,364,000. Investmark Advisory Group LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at about $3,920,000. Wealthfront Advisers LLC acquired a new position in Procter & Gamble in the second quarter valued at about $39,180,000. Finally, Foster & Motley Inc. purchased a new position in Procter & Gamble during the second quarter worth about $8,487,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.1%

Shares of PG opened at $144.77 on Monday. The company's 50-day simple moving average is $147.73 and its 200-day simple moving average is $148.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock has a market capitalization of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio is 65.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. BMO Capital Markets upped their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. HSBC reaffirmed a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Sanford C. Bernstein started coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. Finally, Barclays raised their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Profile

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.

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