Procter & Gamble Company (The) $PG Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its holdings in Procter & Gamble by 7.0%, selling 110,198 shares, and now owns approximately 1.47 million shares worth $250.7 million.
• Procter & Gamble reported earnings of $1.48 per share for the last quarter, exceeding analysts' expectations of $1.42, with revenues of $20.89 billion.
• The company declared a quarterly dividend of $1.0568 per share, equating to an annualized rate of $4.23 and a yield of 2.7%.

Swedbank AB trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,471,085 shares of the company's stock after selling 110,198 shares during the quarter. Swedbank AB owned about 0.06% of Procter & Gamble worth $250,702,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. boosted its position in shares of Procter & Gamble by 1.6% in the 1st quarter. Howe & Rusling Inc. now owns 6,576 shares of the company's stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Kondo Wealth Advisors Inc. grew its position in shares of Procter & Gamble by 5.2% during the first quarter. Kondo Wealth Advisors Inc. now owns 1,324 shares of the company's stock worth $226,000 after acquiring an additional 65 shares during the last quarter. 1248 Management LLC boosted its stake in Procter & Gamble by 4.3% during the 1st quarter. 1248 Management LLC now owns 5,177 shares of the company's stock worth $882,000 after purchasing an additional 214 shares during the period. eCIO Inc. purchased a new position in Procter & Gamble during the 1st quarter worth $106,000. Finally, Bontempo Ohly Capital Mgmt LLC acquired a new position in Procter & Gamble in the 1st quarter valued at about $2,722,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of analyst reports. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, BNP Paribas reissued an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $175.12.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $0.61 during midday trading on Friday, hitting $158.02. 5,956,120 shares of the stock were exchanged, compared to its average volume of 5,974,909. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $156.21 and a 200-day moving average price of $161.77. The stock has a market cap of $369.85 billion, a P/E ratio of 24.27, a PEG ratio of 4.17 and a beta of 0.36.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insider Activity

In related news, CEO Sundar G. Raman sold 9,554 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 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 $1,431,157.00. Following the completion of the sale, the chief executive officer directly owned 27,295 shares of the company's stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 in the last quarter. Corporate insiders own 0.20% of the company's stock.

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.