Siemens Fonds Invest GmbH Acquires 149,190 Shares of The Procter & Gamble Company (NYSE:PG)

Siemens Fonds Invest GmbH increased its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 221.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,557 shares of the company's stock after buying an additional 149,190 shares during the quarter. Procter & Gamble accounts for 1.4% of Siemens Fonds Invest GmbH's portfolio, making the stock its 13th largest position. Siemens Fonds Invest GmbH's holdings in Procter & Gamble were worth $36,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. GHE LLC raised its stake in shares of Procter & Gamble by 1.9% during the fourth quarter. GHE LLC now owns 8,887 shares of the company's stock worth $1,490,000 after acquiring an additional 163 shares in the last quarter. American Investment Services Inc. grew its holdings in shares of Procter & Gamble by 4.3% during the 4th quarter. American Investment Services Inc. now owns 5,449 shares of the company's stock valued at $914,000 after purchasing an additional 225 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Procter & Gamble in the 4th quarter worth $196,000. Menard Financial Group LLC lifted its stake in Procter & Gamble by 5.9% in the fourth quarter. Menard Financial Group LLC now owns 9,051 shares of the company's stock worth $1,517,000 after purchasing an additional 506 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Procter & Gamble during the fourth quarter valued at about $310,679,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.8%

PG stock traded up $1.36 during midday trading on Friday, hitting $169.92. The stock had a trading volume of 12,584,689 shares, compared to its average volume of 7,310,558. The business has a 50-day moving average of $164.21 and a two-hundred day moving average of $167.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $398.38 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the firm earned $1.52 EPS. The company's revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Insider Activity

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

Analyst Ratings Changes

Several research firms have recently commented on PG. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Raymond James decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.

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.