Danica Pension Livsforsikringsaktieselskab Makes New Investment in Procter & Gamble Company (The) $PG

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Procter & Gamble Company (The) (NYSE:PGFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 193,140 shares of the company’s stock, valued at approximately $27,897,000.

Several other hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. raised its stake in 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 valued at $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC grew 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. grew its stake in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $26,000. Finally, Maseco LLP purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BNP Paribas Exane decreased their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley reduced their target price on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada cut their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.74.

Get Our Latest Report on Procter & Gamble

Procter & Gamble Trading Down 0.7%

Shares of PG opened at $148.12 on Wednesday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $344.91 billion, a P/E ratio of 21.66, a PEG ratio of 7.42 and a beta of 0.39. The firm’s 50-day moving average is $147.00 and its two-hundred day moving average is $148.63.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Procter & Gamble News Roundup

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

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.

Further Reading

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

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