Lansforsakringar Fondforvaltning AB publ Has $133.36 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Procter & Gamble by 3.5% during the first quarter, holding a total of 782,556 shares valued at approximately $133.36 million.
• Procter & Gamble reported a net margin of 18.95% and earnings per share of $1.48 for the quarter, surpassing analyst expectations and indicating a 1.7% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $1.0568 per share, representing an approximate 2.7% dividend yield, with a payout ratio of 64.98%.

Lansforsakringar Fondforvaltning AB publ cut its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 782,556 shares of the company's stock after selling 28,776 shares during the quarter. Procter & Gamble accounts for about 0.8% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 18th largest holding. Lansforsakringar Fondforvaltning AB publ's holdings in Procter & Gamble were worth $133,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cladis Investment Advisory LLC raised its position in shares of Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares in the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after buying an additional 549 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after buying an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after buying an additional 4,562 shares in the last quarter. Finally, World Investment Advisors raised its position in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after buying an additional 2,886 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.6%

NYSE:PG opened at $156.96 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm's fifty day moving average is $156.63 and its 200-day moving average is $162.72. The firm has a market cap of $367.67 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.12 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the company earned $1.40 EPS. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,181 shares of company stock valued at $18,761,172. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Finally, Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.94.

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.

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