Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG sold 3,518 shares of Procter & Gamble, reducing its holdings by 0.6% to 582,921 shares, which represent 1.6% of their portfolio.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding analyst expectations, with revenues of $20.89 billion for the quarter.
• The company recently declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.8%.

Raiffeisen Bank International AG reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 582,921 shares of the company's stock after selling 3,518 shares during the quarter. Procter & Gamble comprises 1.6% of Raiffeisen Bank International AG's portfolio, making the stock its 8th biggest holding. Raiffeisen Bank International AG's holdings in Procter & Gamble were worth $97,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Haven Private LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at about $204,000. Blair William & Co. IL grew its position in shares of Procter & Gamble by 0.3% in the first quarter. Blair William & Co. IL now owns 990,180 shares of the company's stock valued at $168,746,000 after purchasing an additional 3,346 shares during the last quarter. Argent Trust Co grew its position in shares of Procter & Gamble by 0.8% in the first quarter. Argent Trust Co now owns 138,946 shares of the company's stock valued at $23,679,000 after purchasing an additional 1,109 shares during the last quarter. Avalon Trust Co lifted its stake in shares of Procter & Gamble by 5.1% in the first quarter. Avalon Trust Co now owns 7,360 shares of the company's stock valued at $1,254,000 after buying an additional 355 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Procter & Gamble by 1.4% during the first quarter. Manchester Capital Management LLC now owns 25,649 shares of the company's stock valued at $4,371,000 after acquiring an additional 350 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.54 during trading on Tuesday, reaching $151.30. The stock had a trading volume of 1,762,584 shares, compared to its average volume of 8,218,519. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The business's 50-day moving average price is $159.52 and its 200 day moving average price is $163.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market capitalization of $354.74 billion, a PE ratio of 23.23, a P/E/G ratio of 3.98 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. 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 payout ratio is 64.82%.

Analyst Ratings Changes

A number of brokerages have commented on PG. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Raymond James Financial reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus 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.