Commerzbank Aktiengesellschaft FI Buys 76,734 Shares of Procter & Gamble Company (The) $PG

Commerzbank Aktiengesellschaft FI grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 13.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 658,901 shares of the company’s stock after buying an additional 76,734 shares during the period. Procter & Gamble makes up approximately 2.0% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 17th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Procter & Gamble were worth $95,172,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp grew its holdings in Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after purchasing an additional 984,102 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after purchasing an additional 1,974,556 shares during the period. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after buying an additional 1,091,091 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PG. Royal Bank Of Canada decreased their price objective on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Evercore set a $162.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Raymond James Financial decreased their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Bank of America lowered their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, Sanford C. Bernstein initiated coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.42.

Procter & Gamble Trading Down 0.6%

Shares of Procter & Gamble stock opened at $149.11 on Tuesday. The company’s fifty day simple moving average is $146.91 and its 200-day simple moving average is $148.60. The company has a market cap of $347.22 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 7.46 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the prior year, the company earned $1.54 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.88 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is currently 63.60%.

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.