Procter & Gamble Company (The) (NYSE:PG) is Commerzbank Aktiengesellschaft FI's 7th Largest Position

Commerzbank Aktiengesellschaft FI cut its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,181 shares of the company's stock after selling 73,494 shares during the period. Procter & Gamble accounts for about 3.7% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 7th largest position. Commerzbank Aktiengesellschaft FI's holdings in Procter & Gamble were worth $157,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Navigoe LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. increased its holdings in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. 10Elms LLP acquired a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG opened at $153.68 on Thursday. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The firm's fifty day simple moving average is $161.43 and its 200-day simple moving average is $164.61. The firm has a market capitalization of $360.31 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 4.35 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.75%. Procter & Gamble's dividend payout ratio is presently 67.14%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Citigroup cut their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.25.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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