Procter & Gamble Co (PG) Stake Increased by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 19.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 501,998 shares of the company’s stock after acquiring an additional 80,376 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Procter & Gamble were worth $45,672,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted its holdings in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble in the second quarter worth approximately $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble in the third quarter worth approximately $125,000. Blume Capital Management Inc. boosted its holdings in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Procter & Gamble in the third quarter worth approximately $173,000. 59.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $82.09, for a total transaction of $739,220.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,928 shares of company stock worth $6,312,311. 0.35% of the stock is owned by company insiders.
Shares of Procter & Gamble Co (NYSE PG) opened at $80.84 on Friday. Procter & Gamble Co has a one year low of $78.59 and a one year high of $94.67. The company has a market cap of $203,800.00, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.54 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is 74.59%.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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