Commerzbank Aktiengesellschaft FI Purchases Shares of 795,119 Procter & Gamble Company (The) $PG

Commerzbank Aktiengesellschaft FI acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 795,119 shares of the company's stock, valued at approximately $116,596,000. Procter & Gamble makes up 2.3% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 13th largest position.

Other institutional investors have also recently made changes to their positions in the company. Cibc World Market Inc. boosted its position in shares of Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after acquiring an additional 147,701 shares during the last quarter. World Investment Advisors increased its holdings in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock valued at $15,179,000 after acquiring an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV increased its holdings in Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock valued at $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Indivisible Partners purchased a new stake in Procter & Gamble in the 4th quarter worth $2,120,000. Finally, Rokos Capital Management LLP bought a new position in shares of Procter & Gamble during the 1st quarter valued at about $29,914,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. Barclays raised their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. HSBC reissued a "hold" rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Wells Fargo & Company raised their price target on Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Finally, BMO Capital Markets upped their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.77 on Friday. The company's 50-day moving average price is $147.73 and its 200-day moving average price is $148.69. 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 company has a market cap of $336.51 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 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.

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