Procter & Gamble Company (The) $PG Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,461,497 shares of the company’s stock after selling 173,904 shares during the period. Nordea Investment Management AB owned 0.11% of Procter & Gamble worth $378,578,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its position in shares of Procter & Gamble by 5.9% during the 3rd quarter. Bangor Savings Bank now owns 4,342 shares of the company’s stock valued at $667,000 after acquiring an additional 240 shares during the last quarter. ZEGA Investments LLC grew its position in Procter & Gamble by 22.2% in the 3rd quarter. ZEGA Investments LLC now owns 5,398 shares of the company’s stock valued at $829,000 after acquiring an additional 982 shares in the last quarter. N.E.W. Advisory Services LLC increased its stake in Procter & Gamble by 0.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 78,576 shares of the company’s stock worth $12,073,000 after buying an additional 331 shares during the period. Kiker Wealth Management LLC boosted its holdings in Procter & Gamble by 138.1% in the third quarter. Kiker Wealth Management LLC now owns 4,501 shares of the company’s stock valued at $692,000 after purchasing an additional 2,611 shares during the period. Finally, Stone House Investment Management LLC grew its position in shares of Procter & Gamble by 7.8% during the third quarter. Stone House Investment Management LLC now owns 229,467 shares of the company’s stock worth $35,258,000 after buying an additional 16,523 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares of the company’s stock, valued at $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Procter & Gamble Stock Up 1.1%

Shares of PG stock opened at $143.48 on Tuesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The business’s fifty day moving average is $144.84 and its 200-day moving average is $151.34. The stock has a market cap of $335.27 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 4.79 and a beta of 0.39.

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 firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’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. Equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. BNP Paribas Exane cut their price target 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. Berenberg Bank upped their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Barclays cut their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Finally, Raymond James Financial lowered their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Fifteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.23.

Procter & Gamble Profile

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.