Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden has reduced its stake in Procter & Gamble by 1.8%, now holding 604,900 shares valued at approximately $103 million.
• Procter & Gamble reported a quarterly earnings per share (EPS) of $1.48, exceeding analyst expectations, with revenues of $20.89 billion for the quarter.
• The company has declared a quarterly dividend of $1.0568 per share, indicating an annualized dividend yield of 2.8%.

Forsta AP Fonden trimmed its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 604,900 shares of the company's stock after selling 11,100 shares during the period. Procter & Gamble accounts for 0.8% of Forsta AP Fonden's portfolio, making the stock its 20th biggest position. Forsta AP Fonden's holdings in Procter & Gamble were worth $103,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bristlecone Advisors LLC lifted its holdings in Procter & Gamble by 2.3% in the first quarter. Bristlecone Advisors LLC now owns 19,587 shares of the company's stock valued at $3,338,000 after acquiring an additional 435 shares during the period. Savvy Advisors Inc. lifted its holdings in Procter & Gamble by 14.5% in the first quarter. Savvy Advisors Inc. now owns 83,364 shares of the company's stock valued at $14,207,000 after acquiring an additional 10,565 shares during the period. National Bank of Canada FI lifted its holdings in Procter & Gamble by 13.7% in the first quarter. National Bank of Canada FI now owns 2,241,099 shares of the company's stock valued at $381,920,000 after acquiring an additional 269,433 shares during the period. LaSalle St. Investment Advisors LLC lifted its holdings in Procter & Gamble by 11.8% in the first quarter. LaSalle St. Investment Advisors LLC now owns 7,872 shares of the company's stock valued at $1,341,000 after acquiring an additional 830 shares during the period. Finally, Caisse Des Depots ET Consignations lifted its holdings in Procter & Gamble by 8.0% in the first quarter. Caisse Des Depots ET Consignations now owns 60,254 shares of the company's stock valued at $10,268,000 after acquiring an additional 4,445 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PG. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Up 0.0%

Shares of NYSE PG traded up $0.06 during trading on Friday, reaching $153.55. The stock had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. 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 business's 50-day moving average price is $158.26 and its 200-day moving average price is $163.68. The company has a market cap of $359.67 billion, a P/E ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

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.