Deutsche Bank AG Cuts Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Deutsche Bank AG has reduced its stake in Procter & Gamble by 12.9%, selling over 1.17 million shares during the 1st quarter, leaving it with approximately 7.99 million shares worth $1.36 billion.
• GAMMA Investing LLC significantly increased its position by 20,758.5% in the same period, acquiring roughly 7.91 million shares and establishing a stake worth approximately $1.35 billion.
• Procter & Gamble is set to pay a quarterly dividend of $1.0568 per share on August 15th, representing an annualized dividend yield of 2.8%.

Deutsche Bank AG cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,990,557 shares of the company's stock after selling 1,179,333 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of Procter & Gamble worth $1,361,751,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp boosted its stake in Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Procter & Gamble by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after buying an additional 208,991 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Procter & Gamble by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after buying an additional 2,224,912 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Procter & Gamble by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after acquiring an additional 267,534 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.06 during mid-day trading on Friday, hitting $153.55. The stock had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $359.67 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. The firm's 50 day moving average is $158.26 and its 200 day moving average is $163.68.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is currently 64.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Royal Bank Of Canada upgraded shares of 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 report on Friday, April 25th. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Truist Financial decreased their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Piper Sandler lifted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Company 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.