Nykredit A S Purchases New Position in Procter & Gamble Company (The) $PG

Key Points

• Nykredit A/S acquired 1.32 million Procter & Gamble shares during the second quarter, valued at approximately $193.1 million, making PG about 0.6% of its portfolio.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.2 billion but fell short of expectations.
• The company maintains a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 dividend and a 3.0% yield; analysts collectively give the stock a “Moderate Buy” rating with a $161.55 average price target.

Nykredit A S acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,317,044 shares of the company's stock, valued at approximately $193,131,000. Procter & Gamble comprises approximately 0.6% of Nykredit A S's holdings, making the stock its 26th largest position. Nykredit A S owned 0.06% of Procter & Gamble at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its holdings in Procter & Gamble by 0.7% during the second quarter. Parkside Financial Bank & Trust now owns 25,937 shares of the company's stock valued at $3,803,000 after buying an additional 192 shares in the last quarter. Kinetic Wealth Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $241,000. Range Advisory LLC raised its stake in shares of Procter & Gamble by 53.0% in the 2nd quarter. Range Advisory LLC now owns 5,436 shares of the company's stock valued at $797,000 after acquiring an additional 1,884 shares in the last quarter. Cornerstone Financial Management LLC raised its stake in shares of Procter & Gamble by 43.5% in the 2nd quarter. Cornerstone Financial Management LLC now owns 475 shares of the company's stock valued at $70,000 after acquiring an additional 144 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in Procter & Gamble by 3.0% in the 2nd quarter. Tucker Asset Management LLC now owns 7,061 shares of the company's stock worth $1,035,000 after purchasing an additional 203 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Whaley sold 2,238 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 over the last three months. 0.23% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.4%

PG opened at $147.54 on Friday. The business has a 50 day moving average of $146.12 and a 200-day moving average of $146.67. The stock has a market capitalization of $342.69 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 3.65 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PG shares. BMO Capital Markets increased their price target on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Bank of America reduced their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Barclays upped their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. HSBC reissued a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Citigroup lowered 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. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.55.

Procter & Gamble Profile

Procter & Gamble Company is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio spans beauty, grooming, health care, fabric and home care, and family care products.

The company's brands include Tide, Ariel, Downy, Dawn, Febreze, Bounty, Charmin, Pampers, Gillette, Oral-B, Crest, Head & Shoulders, Olay and Pantene. These products are sold through retailers, e-commerce platforms and other distribution channels.

Procter & Gamble was founded in Cincinnati in 1837 by William Procter and James Gamble.

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