Danske Bank A S Trims Stake in Procter & Gamble Amid Q2 Earnings Beat

Danske Bank A S has trimmed its holdings in Procter & Gamble Company (The) by 2.9% during the second quarter, according to a recent Form 13F filing with the SEC. The fund owned 1,615,548 shares of the company's stock after selling 48,982 shares during the period.

Procter & Gamble has reported quarterly earnings data on July 29th, beating analysts' consensus estimates by $0.02 per share. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion.

The company's dividend payout ratio is 65.71%, and it has a 1 year low of $137.62 and a 1 year high of $167.25. Procter & Gamble currently has an average rating of 'Moderate Buy' among analysts, with a price target of $161.52.

Wall Street analysts have weighed in on PG shares, with Deutsche Bank Aktiengesellschaft reiterating a 'buy' rating and setting a price target of $163.00, while HSBC reaffirmed a 'hold' rating and set a price objective of $149.00 (down from $182.00).