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

Handelsbanken Fonder AB lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 930,875 shares of the company’s stock after purchasing an additional 37,187 shares during the quarter. Handelsbanken Fonder AB’s holdings in Procter & Gamble were worth $148,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Garrett Wealth Advisory Group LLC raised its position in Procter & Gamble by 1.4% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 5,786 shares of the company’s stock worth $922,000 after buying an additional 79 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Procter & Gamble in the second quarter worth approximately $480,000. Winnow Wealth LLC bought a new stake in Procter & Gamble in the 2nd quarter worth approximately $73,000. Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 245.0% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 690 shares of the company’s stock valued at $110,000 after buying an additional 490 shares during the last quarter. Finally, PKS Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 37.0% during the 2nd quarter. PKS Advisory Services LLC now owns 2,583 shares of the company’s stock valued at $412,000 after buying an additional 698 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

NYSE PG opened at $148.27 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12 month low of $144.09 and a 12 month high of $180.43. The stock has a market cap of $346.48 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.87 and a beta of 0.36. The company’s 50 day moving average is $150.89 and its two-hundred day moving average is $156.21.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the prior year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 61.61%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PG. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. BNP Paribas Exane lowered their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Bank of America cut their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 2,408 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $366,569.84. Following the completion of the sale, the insider directly owned 31,770 shares of the company’s stock, valued at $4,836,347.10. This trade represents a 7.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the transaction, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,308 shares of company stock valued at $4,768,692 in the last three months. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.