Livforsakringsbolaget Skandia Omsesidigt Cuts Position in Procter & Gamble Company (The) $PG

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 42.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,441 shares of the company’s stock after selling 24,379 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Procter & Gamble were worth $4,792,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Prudential PLC increased its stake in shares of Procter & Gamble by 5.2% during the fourth quarter. Prudential PLC now owns 41,950 shares of the company’s stock worth $6,012,000 after buying an additional 2,083 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of Procter & Gamble by 3.5% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 10,371 shares of the company’s stock worth $1,486,000 after buying an additional 348 shares during the period. Vise Technologies Inc. increased its stake in shares of Procter & Gamble by 102.4% during the fourth quarter. Vise Technologies Inc. now owns 79,359 shares of the company’s stock worth $11,373,000 after buying an additional 40,143 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Procter & Gamble by 0.3% during the fourth quarter. Magellan Asset Management Ltd now owns 1,642,678 shares of the company’s stock worth $235,412,000 after buying an additional 4,910 shares during the period. Finally, Continuum Advisory LLC increased its stake in shares of Procter & Gamble by 3.9% during the fourth quarter. Continuum Advisory LLC now owns 12,466 shares of the company’s stock worth $1,787,000 after buying an additional 463 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

PG stock opened at $140.80 on Friday. The company has a market capitalization of $327.87 billion, a P/E ratio of 20.58, a PEG ratio of 6.01 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The business has a 50 day simple moving average of $144.13 and a 200-day simple moving average of $147.69. 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:PG) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Key Stories Impacting Procter & Gamble

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

• Positive Sentiment: Procter & Gamble will webcast its presentation from the Evercore Consumer and Retail Conference on June 10, which could give investors fresh updates on demand trends, pricing, margins, and guidance expectations. P&G to Webcast Presentation From the Evercore Consumer and Retail Conference, June 10
• Positive Sentiment: PG highlighted its presentation at the 23rd Annual dbAccess Global Consumer Conference, reinforcing management’s active engagement with investors and analysts. The Procter and Gamble Company (PG) Presents at 23rd annual dbAccess Global Consumer Conference – Slideshow
• Positive Sentiment: Walmart announced a $10.8 million disaster-relief grant to Matthew 25: Ministries in collaboration with Procter & Gamble, a reputationally positive note that underscores PG’s role in large-scale consumer and community partnerships. Walmart Grants $10.8M to Matthew 25: Ministries for Disaster Fleet Expansion in Collaboration with Procter & Gamble

Analyst Ratings Changes

Several brokerages have commented on PG. Piper Sandler increased their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. UBS Group increased their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. The Goldman Sachs Group dropped their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, Raymond James Financial dropped their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.06.

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.