DNB Asset Management AS Reduces Stake in Procter & Gamble Company (The) $PG

DNB Asset Management AS cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 549,894 shares of the company’s stock after selling 16,178 shares during the quarter. DNB Asset Management AS’s holdings in Procter & Gamble were worth $87,609,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Taylor Financial Group Inc. grew its holdings in Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the period. GW&K Investment Management LLC raised its position in Procter & Gamble by 6.0% during the first quarter. GW&K Investment Management LLC now owns 2,973 shares of the company’s stock valued at $507,000 after acquiring an additional 168 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Procter & Gamble by 8.2% in the first quarter. AE Wealth Management LLC now owns 553,040 shares of the company’s stock valued at $94,249,000 after acquiring an additional 41,985 shares during the period. Finally, Dempze Nancy E boosted its position in Procter & Gamble by 5.0% in the 1st quarter. Dempze Nancy E now owns 25,083 shares of the company’s stock worth $4,275,000 after purchasing an additional 1,195 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.9%

PG stock opened at $148.27 on Friday. Procter & Gamble Company has a 52 week low of $144.09 and a 52 week high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $150.89 and a 200-day simple moving average of $156.21. The stock has a market capitalization of $346.48 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the firm posted $1.93 EPS. Procter & Gamble’s revenue 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. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on PG. 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 report on Wednesday, October 8th. Raymond James Financial cut their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.53.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at $9,402,333.72. The trade was a 4.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 3,535 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the completion of the sale, the chief executive officer owned 34,816 shares of the company’s stock, valued at $5,300,039.68. This trade represents a 9.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,308 shares of company stock worth $4,768,692 in the last ninety days. Company insiders own 0.20% of the company’s stock.

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.