Swedbank AB Buys 13,529 Shares of Procter & Gamble Company (The) $PG

Swedbank AB lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,721,700 shares of the company’s stock after purchasing an additional 13,529 shares during the period. Swedbank AB’s holdings in Procter & Gamble were worth $248,682,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. boosted 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 worth $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC lifted its holdings in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $26,000. Finally, Maseco LLP bought a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PG shares. Wells Fargo & Company increased their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Rothschild & Co Redburn lowered their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. BMO Capital Markets lifted their price target on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Sanford C. Bernstein started coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.47.

Procter & Gamble Stock Performance

PG stock traded up $3.06 during midday trading on Tuesday, reaching $152.38. 2,375,515 shares of the company were exchanged, compared to its average volume of 10,188,927. The firm has a market capitalization of $354.82 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 6.44 and a beta of 0.39. The business has a 50-day moving average price of $146.45 and a two-hundred day moving average price of $148.27. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the prior year, the firm earned $1.54 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.9 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Procter & Gamble Company Profile

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.