Tredje AP fonden Increases Stock Holdings in Procter & Gamble Company (The) $PG

Tredje AP fonden increased its position in Procter & Gamble Company (The) (NYSE:PG) by 17.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,021,605 shares of the company’s stock after acquiring an additional 150,791 shares during the quarter. Procter & Gamble comprises about 1.3% of Tredje AP fonden’s holdings, making the stock its 15th biggest holding. Tredje AP fonden’s holdings in Procter & Gamble were worth $156,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth $25,000. Corundum Trust Company INC purchased a new position in Procter & Gamble during the third quarter worth about $32,000. Marquette Asset Management LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $37,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $40,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $44,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $160.77 on Friday. The company has a market capitalization of $373.62 billion, a P/E ratio of 23.82, a PEG ratio of 5.27 and a beta of 0.38. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock has a 50 day moving average price of $149.02 and a two-hundred day moving average price of $150.70.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter last year, the business earned $1.88 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts expect 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 was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Analyst Ratings Changes

Several research analysts have recently commented on PG shares. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. BNP Paribas Exane cut their price target on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.33.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total value of $1,264,000.00. Following the sale, the chief executive officer directly owned 6,571 shares of the company’s stock, valued at $1,038,218. This trade represents a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. The trade was a 33.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 341,260 shares of company stock valued at $54,256,985 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble 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.