Nykredit A S Invests $241.27 Million in Procter & Gamble Company (The) $PG

Key Points

• Nykredit A/S purchased 1.65 million Procter & Gamble shares worth approximately $241.3 million in the second quarter, making PG its 23rd-largest holding and representing about 0.8% of its portfolio.
• Analysts maintain a “Moderate Buy” consensus on PG, with an average price target of $161.19. The company recently exceeded quarterly EPS expectations, while revenue rose 1.5% year over year.
• Procter & Gamble declared a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 payout and a 2.9% yield; insiders sold shares primarily to cover tax obligations related to equity awards.

Nykredit A S bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,645,293 shares of the company's stock, valued at approximately $241,266,000. Procter & Gamble accounts for 0.8% of Nykredit A S's investment portfolio, making the stock its 23rd biggest holding. Nykredit A S owned approximately 0.07% of Procter & Gamble as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after buying an additional 150 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Procter & Gamble during the 2nd quarter valued at about $26,000. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $26,000. Park Square Financial Group LLC grew its holdings in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. Finally, Evolution Wealth Management Inc. increased its stake in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Citigroup dropped their price target on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Barclays raised their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $161.19.

Insider Activity

In other news, insider Susan Street Whaley sold 2,238 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company's stock, valued at $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of PG opened at $147.69 on Thursday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a market capitalization of $343.02 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 3.63 and a beta of 0.39. The firm has a 50 day moving average of $146.87 and a 200 day moving average of $147.92. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. During the same period in the prior year, the firm posted $1.48 EPS. The firm's quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.99 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. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

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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