Commerzbank Aktiengesellschaft FI Acquires Shares of 795,119 Procter & Gamble Company (The) $PG

Commerzbank Aktiengesellschaft FI bought a new stake in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 795,119 shares of the company’s stock, valued at approximately $116,596,000. Procter & Gamble accounts for about 2.3% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 13th biggest position.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC lifted its stake in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after buying an additional 171 shares during the period. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $26,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised their price target on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective on the stock. Piper Sandler increased their target price on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.52.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.77 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market capitalization of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39. The company has a 50 day moving average price of $147.73 and a 200-day moving average price of $148.69. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 65.71%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.