Varma Mutual Pension Insurance Co Has $54.09 Million Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Varma Mutual Pension Insurance Co. reduced its Procter & Gamble stake by 2.6% in the second quarter, selling 10,000 shares and retaining 368,855 shares valued at $54.09 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• PG shares opened at $145.02, and analysts maintain a “Moderate Buy” consensus with a $161.19 target price. The company also offers an annualized dividend of $4.35 per share, yielding about 3.0%.

Varma Mutual Pension Insurance Co lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 368,855 shares of the company's stock after selling 10,000 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Procter & Gamble were worth $54,089,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PG. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the second quarter worth $27,862,105,000. Norges Bank acquired a new position in Procter & Gamble during the fourth quarter valued at $4,664,783,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble during the second quarter valued at $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Procter & Gamble in the 2nd quarter worth about $1,480,650,000. Finally, Cardano Risk Management B.V. boosted its position in Procter & Gamble by 1,104.8% during the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.3%

PG opened at $145.02 on Thursday. The company has a market capitalization of $337.09 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.48 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a 50-day moving average of $147.41 and a 200-day moving average of $148.42.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's payout ratio is currently 65.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PG. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $149.00 target price on shares of Procter & Gamble in a research note on Monday. HSBC reissued a "hold" rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Barclays boosted their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Citigroup dropped their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Argus downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.19.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 4,030 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,627 shares of company stock worth $953,417 in the last 90 days. 0.20% of the stock is owned by insiders.

Procter & Gamble Company Profile

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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