Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in Procter & Gamble by 8.1%, acquiring a total of 584,749 shares valued at approximately $99.65 million.
• Insider trading activity was noted, including CEO Jennifer L. Davis selling 1,000 shares, reducing ownership by 1.89%, and another insider selling 10,520 shares with a 29.47% decrease in their stake.
• Analysts have adjusted their price targets for Procter & Gamble, with targets ranging from $161 to $181, reflecting a consensus rating of "Moderate Buy" and an average target price of $176.24.

Skandinaviska Enskilda Banken AB publ lifted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,749 shares of the company's stock after purchasing an additional 43,829 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Procter & Gamble were worth $99,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $5,244,463,000. GAMMA Investing LLC raised its holdings in shares of Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Capital Research Global Investors grew its position in shares of Procter & Gamble by 62.5% in the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares in the last quarter. Northern Trust Corp grew its position in shares of Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their price objective on Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $176.12.

Procter & Gamble Stock Down 0.8%

NYSE:PG traded down $1.19 during trading hours on Tuesday, hitting $155.93. The company's stock had a trading volume of 6,094,495 shares, compared to its average volume of 8,203,179. The stock has a market capitalization of $365.57 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The stock has a fifty day moving average of $160.86 and a 200-day moving average of $164.24. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 52-week low of $151.90 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. On average, equities 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. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 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.