B. Metzler seel. Sohn & Co. Holding AG Makes New $301.95 Million Investment in The Procter & Gamble Company (NYSE:PG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,743,375 shares of the company's stock, valued at approximately $301,950,000. Procter & Gamble accounts for about 3.0% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 6th largest position. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.07% of Procter & Gamble as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its stake in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock valued at $16,300,000 after buying an additional 4,035 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at $5,705,000. Welch Group LLC grew its position in Procter & Gamble by 0.9% in the third quarter. Welch Group LLC now owns 323,870 shares of the company's stock valued at $56,094,000 after acquiring an additional 2,990 shares during the period. Swiss National Bank raised its stake in Procter & Gamble by 0.6% during the third quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock worth $1,213,403,000 after acquiring an additional 39,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Procter & Gamble by 67.2% during the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company's stock valued at $4,420,000 after acquiring an additional 10,777 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PG shares. StockNews.com cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective for the company. Jefferies Financial Group cut Procter & Gamble from a "buy" rating to a "hold" rating and decreased their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Dbs Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.00.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company's stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares of the company's stock, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,727 shares of company stock worth $46,014,037. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.0 %

Shares of NYSE:PG traded up $0.01 during trading on Tuesday, hitting $170.76. 5,682,387 shares of the company's stock traded hands, compared to its average volume of 6,672,438. The company has a 50-day moving average price of $170.21 and a 200-day moving average price of $168.45. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $402.15 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 EPS. As a group, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. Procter & Gamble's payout ratio is 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.