Procter & Gamble Company (The) $PG Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 8.0% during the 3rd quarter, Holdings Channel reports. The firm owned 574,956 shares of the company’s stock after selling 50,243 shares during the quarter. Procter & Gamble comprises 1.8% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 18th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Procter & Gamble were worth $88,342,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new position in Procter & Gamble during the 3rd quarter worth approximately $25,000. Signature Resources Capital Management LLC increased its stake in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the period. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble during the third quarter worth $32,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Procter & Gamble in the second quarter valued at $34,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the second quarter worth about $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.2%

PG stock opened at $150.19 on Friday. The firm has a market cap of $350.95 billion, a PE ratio of 22.25, a PEG ratio of 5.07 and a beta of 0.39. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.51 and a current ratio of 0.72. The firm’s 50 day moving average price is $144.72 and its 200-day moving average price is $150.54.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.10% and a net margin of 19.30%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Buying and Selling

In other news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $157.00 to $165.00 in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Bank of America reduced their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.70.

Read Our Latest Stock Report on PG

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About Procter & Gamble

(Free Report)

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.

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

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