Oslo Pensjonsforsikring AS Makes New Investment in Procter & Gamble Company (The) $PG

Oslo Pensjonsforsikring AS purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,520 shares of the company’s stock, valued at approximately $1,375,000.

Other large investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $26,000. Park Square Financial Group LLC lifted its stake in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble in the fourth quarter worth $28,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PG shares. BNP Paribas Exane cut their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company increased their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Jefferies Financial Group raised their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. TD Cowen boosted their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Finally, Barclays increased their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $161.74.

View Our Latest Research Report on PG

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Trading Down 0.7%

Shares of Procter & Gamble stock opened at $148.12 on Wednesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company’s fifty day simple moving average is $147.00 and its 200-day simple moving average is $148.63. The company has a market cap of $344.91 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 7.42 and a beta of 0.39. 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:PGGet Free Report) last released its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate 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 $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the prior year, the company earned $1.54 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.88 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Procter & Gamble Company Profile

(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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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