Procter & Gamble Company (The) $PG Shares Sold by DNB Asset Management AS

DNB Asset Management AS decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,339 shares of the company’s stock after selling 85,555 shares during the period. DNB Asset Management AS’s holdings in Procter & Gamble were worth $71,346,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $25,000. Corundum Trust Company INC purchased a new position in Procter & Gamble in the 3rd quarter valued at approximately $32,000. Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble in the third quarter worth $37,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth $40,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,827 shares of Procter & Gamble stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at $2,026,158.09. The trade was a 50.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 343,069 shares of company stock worth $54,545,448 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on PG. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Barclays set a $155.00 target price on shares of Procter & Gamble in a report on Friday, January 16th. Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $163.67 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The firm’s 50 day moving average is $150.50 and its two-hundred day moving average is $151.03. The firm has a market capitalization of $380.37 billion, a P/E ratio of 24.25, a P/E/G ratio of 5.46 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is 62.67%.

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.