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


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DekaBank Deutsche Girozentrale increased its stake in The Procter & Gamble Company (NYSE:PG) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,130,666 shares of the company’s stock after purchasing an additional 146,146 shares during the quarter. The Procter & Gamble accounts for 1.4% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 7th largest position. DekaBank Deutsche Girozentrale owned about 0.13% of The Procter & Gamble worth $425,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of The Procter & Gamble by 6.5% during the 4th quarter. Morgan Stanley now owns 32,345,298 shares of the company’s stock worth $4,500,525,000 after acquiring an additional 1,964,987 shares during the last quarter. Norges Bank purchased a new position in shares of The Procter & Gamble during the 4th quarter worth $3,679,005,000. Nuveen Asset Management LLC boosted its stake in shares of The Procter & Gamble by 8.2% during the 4th quarter. Nuveen Asset Management LLC now owns 16,571,944 shares of the company’s stock worth $2,305,820,000 after acquiring an additional 1,260,453 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of The Procter & Gamble by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 12,990,893 shares of the company’s stock worth $1,807,482,000 after acquiring an additional 85,934 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of The Procter & Gamble by 5.0% during the 4th quarter. Alliancebernstein L.P. now owns 12,812,531 shares of the company’s stock worth $1,782,736,000 after acquiring an additional 611,102 shares during the last quarter. Institutional investors own 63.05% of the company’s stock.

Several brokerages have recently commented on PG. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, April 27th. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Friday, January 22nd. Morgan Stanley decreased 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 report on Monday, April 26th. Sanford C. Bernstein began coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price objective on the stock. Finally, Stifel Nicolaus downgraded 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 report on Thursday, January 28th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $148.93.

The Procter & Gamble stock opened at $135.00 on Tuesday. The company’s 50-day moving average price is $133.89 and its 200-day moving average price is $134.79. The Procter & Gamble Company has a twelve month low of $111.25 and a twelve month high of $146.92. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $330.51 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The firm had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 5.59 earnings per share for the current fiscal year.

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

In other The Procter & Gamble news, CEO R. Alexandra Keith sold 12,668 shares of the business’s stock in a transaction dated Wednesday, April 21st. The shares were sold at an average price of $137.99, for a total value of $1,748,057.32. Following the completion of the sale, the chief executive officer now directly owns 29,017 shares of the company’s stock, valued at approximately $4,004,055.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Deborah P. Majoras sold 12,872 shares of the business’s stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Over the last ninety days, insiders have sold 560,215 shares of company stock valued at $72,179,449. 0.70% of the stock is owned by corporate insiders.

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.

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

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