Procter & Gamble Company (The) $PG Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB reduced its stake in Procter & Gamble by 13.0%, selling 394,386 shares, and now holds approximately 0.11% of the company valued at $418,554,000.
• Analysts have mixed views on Procter & Gamble; ten have a Buy rating while nine hold a Hold rating, with a current consensus price target of $172.21.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, indicating a 2.8% dividend yield, to be paid on November 17th, with a record date of October 24th.

Nordea Investment Management AB reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,635,401 shares of the company's stock after selling 394,386 shares during the period. Nordea Investment Management AB owned approximately 0.11% of Procter & Gamble worth $418,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Stableford Capital II LLC lifted its position in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares during the period. B & T Capital Management DBA Alpha Capital Management lifted its position in Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after purchasing an additional 63 shares during the period. Private Management Group Inc. lifted its position in Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock valued at $236,000 after purchasing an additional 64 shares during the period. Lantz Financial LLC lifted its position in Procter & Gamble by 1.2% in the second quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock valued at $834,000 after purchasing an additional 64 shares during the period. Finally, Orca Investment Management LLC lifted its position in Procter & Gamble by 2.0% in the second quarter. Orca Investment Management LLC now owns 3,238 shares of the company's stock valued at $516,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BNP Paribas restated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Bank of America reduced their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. UBS Group reduced their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.21.

Procter & Gamble Trading Up 1.4%

Shares of Procter & Gamble stock opened at $149.50 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The company has a market capitalization of $349.90 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.91 and a beta of 0.36. The business has a 50 day moving average price of $154.96 and a 200 day moving average price of $158.97.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company'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. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble's payout ratio is currently 64.98%.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble 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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble 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 $6,309,515.13. Following the completion of the sale, the chief executive officer directly owned 319,375 shares of the company's stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by corporate insiders.

About Procter & Gamble

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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