German American Bancorp Inc. Acquires 4,379 Shares of The Procter & Gamble Company (NYSE:PG)

German American Bancorp Inc. lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,064 shares of the company's stock after purchasing an additional 4,379 shares during the quarter. Procter & Gamble accounts for approximately 1.2% of German American Bancorp Inc.'s investment portfolio, making the stock its 21st biggest holding. German American Bancorp Inc.'s holdings in Procter & Gamble were worth $11,615,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PG. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $29,000. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Procter & Gamble in the second quarter valued at $44,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $1.86 during trading on Thursday, reaching $172.75. 6,169,498 shares of the company traded hands, compared to its average volume of 6,672,027. The firm has a market capitalization of $406.83 billion, a PE ratio of 29.73, a PEG ratio of 3.69 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $170.01 and its two-hundred day moving average is $168.51.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the company posted $1.83 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, October 18th. Procter & Gamble's payout ratio is presently 69.48%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Dbs Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 1st. Jefferies Financial Group cut Procter & Gamble from a "buy" rating to a "hold" rating and cut their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Finally, DZ Bank raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $177.00.

Insider Activity

In related news, COO Shailesh Jejurikar sold 14,034 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $169.78, for a total value of $2,382,692.52. Following the completion of the transaction, the chief operating officer now owns 9,856 shares of the company's stock, valued at $1,673,351.68. This represents a 58.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 13,041 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The trade was a 25.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,727 shares of company stock worth $29,694,037. Insiders own 0.18% of the company's stock.

Procter & Gamble Company 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.