German American Bancorp Inc. Makes New Investment in Procter & Gamble Company (The) $PG

German American Bancorp Inc. bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,783 shares of the company's stock, valued at approximately $9,940,000. Procter & Gamble makes up about 0.7% of German American Bancorp Inc.'s holdings, making the stock its 29th largest position.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC boosted its stake in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth $26,000. Finally, Basso Capital Management L.P. purchased a new position in shares of Procter & Gamble in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.0%

Shares of Procter & Gamble stock opened at $143.00 on Friday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company's fifty day simple moving average is $147.83 and its 200-day simple moving average is $148.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $332.39 billion, a PE ratio of 21.60, a P/E/G ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its 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. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. During the same period last year, the firm earned $1.48 EPS. Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is currently 65.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PG. Sanford C. Bernstein began coverage on Procter & Gamble in a report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. Jefferies Financial Group boosted their target price on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. HSBC reissued a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Finally, UBS Group increased their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $161.52.

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.

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