KLP Kapitalforvaltning AS Has $161.72 Million Position in Procter & Gamble Company (The) (NYSE:PG)

KLP Kapitalforvaltning AS cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 948,929 shares of the company's stock after selling 9,200 shares during the quarter. Procter & Gamble makes up about 0.8% of KLP Kapitalforvaltning AS's holdings, making the stock its 19th biggest holding. KLP Kapitalforvaltning AS's holdings in Procter & Gamble were worth $161,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Unique Wealth LLC raised its holdings in Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC boosted its holdings in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares in the last quarter. Bernard Wealth Management Corp. boosted its holdings in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on PG shares. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. Finally, Citigroup cut their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $176.84.

Procter & Gamble Stock Up 2.1%

NYSE:PG traded up $3.27 during trading hours on Tuesday, hitting $158.30. 8,185,259 shares of the company's stock traded hands, compared to its average volume of 7,658,450. The firm has a market cap of $371.13 billion, a P/E ratio of 25.13, a P/E/G ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock's fifty day moving average price is $161.31 and its two-hundred day moving average price is $164.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. On average, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is 67.14%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on 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 directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.