Handelsbanken Fonder AB Trims Stock Holdings in Procter & Gamble Company (The) $PG

Handelsbanken Fonder AB lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 907,949 shares of the company’s stock after selling 22,926 shares during the quarter. Handelsbanken Fonder AB’s holdings in Procter & Gamble were worth $139,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. increased its stake in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC lifted its position in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after buying an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. boosted its stake in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after buying an additional 809 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the sale, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 343,069 shares of company stock valued at $54,545,448. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target for the company. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.33.

Procter & Gamble Price Performance

PG opened at $163.67 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99. The company has a 50 day moving average of $150.50 and a two-hundred day moving average of $151.03. The company has a market cap of $380.37 billion, a P/E ratio of 24.25, a P/E/G ratio of 5.46 and a beta of 0.38. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter last year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is currently 62.67%.

About Procter & Gamble

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.