German American Bancorp Inc. Grows Position in The Procter & Gamble Company (NYSE:PG)

German American Bancorp Inc. raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.0% in the 3rd quarter, HoldingsChannel reports. 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 about 1.2% of German American Bancorp Inc.’s holdings, 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.

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

Analyst Ratings Changes

PG has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $160.00 price objective on shares of Procter & Gamble in a report on Wednesday. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research report on Monday, September 30th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley lifted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Nine 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Up 0.1 %

Procter & Gamble stock opened at $170.92 on Thursday. The stock has a market cap of $402.52 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a fifty day moving average of $170.01 and a 200 day moving average of $168.51. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94.

Procter & Gamble (NYSE:PG) last posted 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. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued 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 dividend payout ratio (DPR) is presently 69.48%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 14,034 shares of Procter & Gamble stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $169.78, for a total transaction of $2,382,692.52. Following the completion of the transaction, the chief operating officer now directly owns 9,856 shares of the company’s stock, valued at $1,673,351.68. The trade was a 58.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,727 shares of company stock valued at $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.