Tredje AP fonden Boosts Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Tredje AP fonden lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 805,045 shares of the company's stock after acquiring an additional 92,041 shares during the period. Procter & Gamble accounts for about 1.3% of Tredje AP fonden's investment portfolio, making the stock its 13th largest position. Tredje AP fonden's holdings in Procter & Gamble were worth $137,196,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cladis Investment Advisory LLC raised its position in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after acquiring an additional 549 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after acquiring an additional 4,562 shares during the last quarter. World Investment Advisors grew its stake in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares during the period. Finally, Yoffe Investment Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $1,874,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Citigroup lowered their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Raymond James Financial reduced their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.1%

Shares of NYSE:PG traded up $0.18 during midday trading on Friday, reaching $150.65. The company's stock had a trading volume of 8,593,060 shares, compared to its average volume of 8,268,750. The firm has a market capitalization of $353.20 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 4.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70. The firm has a 50 day moving average price of $160.13 and a two-hundred day moving average price of $164.05. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio is presently 67.14%.

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.