Livforsakringsbolaget Skandia Omsesidigt Invests $1.93 Million in Procter & Gamble Company (The) $PG

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,161 shares of the company’s stock, valued at approximately $1,928,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Twin Lakes Capital Management LLC purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $464,000. Strait & Sound Wealth Management LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at about $941,000. Rakuten Investment Management Inc. purchased a new position in Procter & Gamble in the 2nd quarter valued at about $56,501,000. RB Capital Management LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $1,682,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $205,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.0%

NYSE:PG opened at $143.71 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $147.11 and its two-hundred day moving average is $148.21. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a market cap of $334.04 billion, a PE ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research note on Monday, August 24th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Jefferies Financial Group upped their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Barclays increased their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Insider Activity

In related news, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the sale, the insider directly owned 26,989 shares in the company, valued at $3,880,748.31. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, the insider directly owned 187,001 shares of the company’s stock, valued at $26,888,873.79. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is currently owned by company insiders.

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.