BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Procter & Gamble Company (The) $PG

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 51.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,545 shares of the company’s stock after selling 335,108 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Procter & Gamble were worth $42,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. increased its stake in Procter & Gamble by 1,000.0% during the fourth 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 raised its position in Procter & Gamble by 65.1% during the fourth 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 period. Evolution Wealth Management Inc. lifted 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 purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $26,000. Finally, Maseco LLP purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Barclays dropped their price objective on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. UBS Group boosted their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Jefferies Financial Group reduced their target price on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.

Procter & Gamble Price Performance

PG opened at $150.85 on Monday. The business has a fifty day moving average of $145.43 and a 200 day moving average of $147.80. The stock has a market cap of $351.26 billion, a P/E ratio of 22.05, a PEG ratio of 6.54 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 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 business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last 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, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 63.60%.

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.