DnB Asset Management AS Raises Stock Position in Procter & Gamble Company (The) $PG

Key Points

• DnB Asset Management AS increased its holdings in Procter & Gamble by 23.2% during the first quarter, owning 566,072 shares valued at approximately $96.47 million.
• CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock, reducing his ownership by 11.16%, while the company's stock currently has an average rating of "Moderate Buy".
• The company declared a quarterly dividend of $1.0568 per share, translating to an annualized yield of 2.7% and a payout ratio of 64.98%.

DnB Asset Management AS lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 23.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,072 shares of the company's stock after purchasing an additional 106,426 shares during the period. DnB Asset Management AS's holdings in Procter & Gamble were worth $96,470,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $31,000. Quarry LP bought a new position in Procter & Gamble in the first quarter worth about $33,000. 10Elms LLP bought a new position in Procter & Gamble in the fourth quarter worth about $34,000. Sunbeam Capital Management LLC bought a new position in Procter & Gamble in the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 8,596 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares of the company's stock, valued at $10,221,134.57. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last ninety days. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.6%

Shares of PG traded up $0.89 on Friday, hitting $160.08. 6,435,480 shares of the stock traded hands, compared to its average volume of 6,113,774. The company has a market capitalization of $374.65 billion, a PE ratio of 24.59, a P/E/G ratio of 4.22 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The business has a 50 day simple moving average of $156.41 and a 200 day simple moving average of $162.25. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43.

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

Procter & Gamble Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PG. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI reissued an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.12.

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.