E. Ohman J or Asset Management AB Has $17.69 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

E. Ohman J or Asset Management AB decreased its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,806 shares of the company's stock after selling 2,850 shares during the period. E. Ohman J or Asset Management AB's holdings in Procter & Gamble were worth $17,691,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after acquiring an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after acquiring an additional 1,267,419 shares during the last quarter. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. Northern Trust Corp grew its position in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.7%

Shares of NYSE:PG traded up $1.21 during midday trading on Friday, hitting $164.01. The company had a trading volume of 5,692,762 shares, compared to its average volume of 7,324,004. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The firm has a fifty day simple moving average of $164.01 and a 200 day simple moving average of $167.27.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PG shares. Truist Financial dropped their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.