The Procter & Gamble Company (NYSE:PG) Stock Position Raised by DekaBank Deutsche Girozentrale


Share on StockTwits

DekaBank Deutsche Girozentrale lifted its position in The Procter & Gamble Company (NYSE:PG) by 4.9% in the first quarter, Holdings Channel reports. The firm owned 3,130,666 shares of the company’s stock after acquiring an additional 146,146 shares during the period. The Procter & Gamble accounts for approximately 1.4% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 7th biggest position. DekaBank Deutsche Girozentrale’s holdings in The Procter & Gamble were worth $425,457,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PG. Global Trust Asset Management LLC raised its position in shares of The Procter & Gamble by 0.9% in the 4th quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock valued at $1,140,000 after buying an additional 75 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of The Procter & Gamble by 0.4% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,818 shares of the company’s stock valued at $2,479,000 after purchasing an additional 78 shares during the last quarter. WoodTrust Financial Corp boosted its stake in The Procter & Gamble by 3.2% during the first quarter. WoodTrust Financial Corp now owns 2,506 shares of the company’s stock worth $339,000 after acquiring an additional 78 shares in the last quarter. West Oak Capital LLC boosted its stake in The Procter & Gamble by 0.5% during the first quarter. West Oak Capital LLC now owns 17,650 shares of the company’s stock worth $2,390,000 after acquiring an additional 80 shares in the last quarter. Finally, Emerald Advisors LLC boosted its stake in The Procter & Gamble by 2.4% during the first quarter. Emerald Advisors LLC now owns 3,411 shares of the company’s stock worth $462,000 after acquiring an additional 80 shares in the last quarter. 63.05% of the stock is owned by institutional investors.

PG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a research note on Thursday, April 22nd. Zacks Investment Research lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a research note on Thursday, January 21st. Morgan Stanley dropped their price objective on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, April 26th. Citigroup lowered shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Finally, Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price objective on the stock. in a research note on Thursday, January 28th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $148.93.

In other news, insider Deborah P. Majoras sold 12,872 shares of the business’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Also, Director Nelson Peltz sold 408,880 shares of the business’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $128.71, for a total transaction of $52,626,944.80. Following the sale, the director now owns 5,357 shares in the company, valued at approximately $689,499.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,215 shares of company stock worth $72,179,449. Company insiders own 0.70% of the company’s stock.

Shares of The Procter & Gamble stock opened at $135.00 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $133.89 and its two-hundred day simple moving average is $134.79. The company has a market cap of $330.51 billion, a P/E ratio of 25.81, a PEG ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a 12-month low of $111.25 and a 12-month high of $146.92.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.07. The business had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. Analysts predict that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be issued a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, April 22nd. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is 67.97%.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Read More: What Is an EV Stock?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG).

Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.