Commerzbank Aktiengesellschaft FI Has $167.09 Million Position in The Procter & Gamble Company (NYSE:PG)

Commerzbank Aktiengesellschaft FI lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 996,675 shares of the company's stock after buying an additional 416,872 shares during the quarter. Procter & Gamble makes up 4.0% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 5th biggest position. Commerzbank Aktiengesellschaft FI's holdings in Procter & Gamble were worth $167,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $170,000. Pinion Investment Advisors LLC lifted its position in Procter & Gamble by 2.6% in the 4th quarter. Pinion Investment Advisors LLC now owns 5,768 shares of the company's stock valued at $967,000 after purchasing an additional 147 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Procter & Gamble by 1.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 4,161,084 shares of the company's stock valued at $697,606,000 after purchasing an additional 39,774 shares during the period. Charles Schwab Investment Management Inc. grew its position in Procter & Gamble by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company's stock worth $2,830,252,000 after purchasing an additional 459,437 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Procter & Gamble by 3.2% in the fourth quarter. State of Michigan Retirement System now owns 661,737 shares of the company's stock valued at $110,940,000 after purchasing an additional 20,600 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE PG opened at $175.50 on Tuesday. The firm has a market cap of $411.52 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.76 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a 50 day moving average of $166.44 and a 200-day moving average of $169.61.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble's payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PG. Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Piper Sandler cut their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.11.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last 90 days. 0.18% of the stock is owned by company insiders.

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.

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