Swedbank AB raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708,171 shares of the company's stock after buying an additional 95,695 shares during the period. Swedbank AB owned 0.07% of Procter & Gamble worth $244,798,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Maseco LLP acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $28,000. Saranac Partners Ltd bought a new stake in Procter & Gamble during the third quarter worth approximately $30,000. Corundum Trust Company INC bought a new stake in Procter & Gamble during the third quarter worth approximately $32,000. Caitlin John LLC acquired a new position in Procter & Gamble during the third quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC bought a new position in shares of Procter & Gamble in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Key Stories Impacting Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
Analyst Ratings Changes
Several research firms recently issued reports on PG. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Friday, March 27th. Raymond James Financial dropped their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. UBS Group upped their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a report on Monday, April 27th. Rothschild & Co Redburn lowered their price target on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating on the stock in a research report on Monday, April 27th. Finally, Piper Sandler lifted their price objective on Procter & Gamble from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.06.
Check Out Our Latest Report on Procter & Gamble
Insider Activity
In other news, CEO Gary A. Coombe sold 36,093 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the company's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares of the company's stock, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 244,715 shares of company stock valued at $39,702,904. Corporate insiders own 0.20% of the company's stock.
Procter & Gamble Trading Up 1.1%
Shares of PG stock opened at $144.97 on Wednesday. The firm has a market capitalization of $337.57 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 6.14 and a beta of 0.41. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.99. The firm's fifty day simple moving average is $149.13 and its 200 day simple moving average is $148.60. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same period in the prior year, the firm earned $1.54 EPS. The business's revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.92 EPS for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, April 24th. Procter & Gamble's dividend payout ratio (DPR) is 63.60%.
Procter & Gamble Company Profile
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Free Report)
Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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