Procter & Gamble Company (The) (NYSE:PG) is DekaBank Deutsche Girozentrale's 7th Largest Position

DekaBank Deutsche Girozentrale trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,417,127 shares of the company's stock after selling 32,494 shares during the period. Procter & Gamble comprises 1.5% of DekaBank Deutsche Girozentrale's holdings, making the stock its 7th biggest holding. DekaBank Deutsche Girozentrale owned approximately 0.19% of Procter & Gamble worth $746,088,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Unique Wealth LLC increased its position in Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the period. Stableford Capital II LLC increased its position in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. increased its position in shares of Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares during the period. Kolinsky Wealth Management LLC increased its position in shares of Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in Procter & Gamble by 1.4% in the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after buying an additional 64 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the 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 sale, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.6%

PG traded down $0.91 during trading on Wednesday, hitting $156.98. 5,484,574 shares of the stock were exchanged, compared to its average volume of 7,513,785. The firm has a 50 day simple moving average of $161.98 and a 200 day simple moving average of $165.15. The firm has a market cap of $368.04 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 4.57 and a beta of 0.40. Procter & Gamble Company has a 1 year low of $156.47 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Profile

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.