KLP Kapitalforvaltning AS Has $161.72 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

KLP Kapitalforvaltning AS reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948,929 shares of the company’s stock after selling 9,200 shares during the period. Procter & Gamble makes up approximately 0.8% of KLP Kapitalforvaltning AS’s investment portfolio, making the stock its 19th biggest position. KLP Kapitalforvaltning AS’s holdings in Procter & Gamble were worth $161,716,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Homestead Advisers Corp boosted its position in Procter & Gamble by 20.5% during the first quarter. Homestead Advisers Corp now owns 290,800 shares of the company’s stock valued at $49,558,000 after acquiring an additional 49,500 shares during the last quarter. WMG Financial Advisors LLC boosted its holdings in shares of Procter & Gamble by 7.6% during the 1st quarter. WMG Financial Advisors LLC now owns 3,044 shares of the company’s stock worth $519,000 after buying an additional 214 shares in the last quarter. United Bank boosted its holdings in shares of Procter & Gamble by 13.1% during the 1st quarter. United Bank now owns 16,235 shares of the company’s stock worth $2,767,000 after buying an additional 1,884 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Procter & Gamble by 26.0% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,058,890 shares of the company’s stock worth $755,334,000 after buying an additional 836,305 shares in the last quarter. Finally, Wesleyan Assurance Society boosted its holdings in shares of Procter & Gamble by 3.8% during the 1st quarter. Wesleyan Assurance Society now owns 126,883 shares of the company’s stock worth $21,623,000 after buying an additional 4,640 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $1.66 during midday trading on Tuesday, reaching $156.69. 2,512,690 shares of the stock traded hands, compared to its average volume of 7,631,297. The stock’s fifty day moving average is $161.31 and its 200-day moving average is $164.41. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month high of $180.43. The stock has a market cap of $367.37 billion, a P/E ratio of 24.88, a PEG ratio of 4.41 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.70%. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PG. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Truist Financial dropped their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Raymond James Financial dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.84.

Procter & Gamble Company 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.