Varma Mutual Pension Insurance Co Sells 10,000 Shares of Procter & Gamble Company (The) $PG

Varma Mutual Pension Insurance Co cut its position in Procter & Gamble Company (The) (NYSE:PG) by 2.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 368,855 shares of the company’s stock after selling 10,000 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Procter & Gamble were worth $54,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. X Square Capital LLC increased its position in Procter & Gamble by 17.6% in the 2nd quarter. X Square Capital LLC now owns 5,037 shares of the company’s stock worth $739,000 after buying an additional 755 shares during the period. Forum Private Client Group LLC boosted its position in shares of Procter & Gamble by 4.9% in the second quarter. Forum Private Client Group LLC now owns 1,714 shares of the company’s stock valued at $251,000 after acquiring an additional 80 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of Procter & Gamble by 2.2% in the second quarter. Sumitomo Life Insurance Co. now owns 105,504 shares of the company’s stock valued at $15,471,000 after acquiring an additional 2,252 shares during the period. Concord Investment Counsel Inc. grew its stake in shares of Procter & Gamble by 7.6% in the second quarter. Concord Investment Counsel Inc. now owns 1,033 shares of the company’s stock worth $141,000 after acquiring an additional 73 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in Procter & Gamble by 44.5% during the second quarter. EP Wealth Advisors LLC now owns 217,039 shares of the company’s stock worth $31,827,000 after acquiring an additional 66,848 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at $3,880,748.31. This represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Barclays boosted their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Argus cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.19.

Procter & Gamble Stock Performance

NYSE PG opened at $145.02 on Thursday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market cap of $337.09 billion, a P/E ratio of 21.91, a PEG ratio of 4.48 and a beta of 0.39. The company’s 50-day simple moving average is $147.41 and its 200 day simple moving average is $148.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Procter & Gamble Company 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.