Raiffeisen Bank International AG Has $64.40 Million Position in Procter & Gamble Company (The) $PG

Raiffeisen Bank International AG cut its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,797 shares of the company’s stock after selling 16,879 shares during the quarter. Procter & Gamble accounts for about 0.8% of Raiffeisen Bank International AG’s portfolio, making the stock its 28th largest position. Raiffeisen Bank International AG’s holdings in Procter & Gamble were worth $64,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Procter & Gamble during the second quarter worth $27,862,105,000. State Street Corp lifted its stake in shares of Procter & Gamble by 1.0% in the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after acquiring an additional 1,091,091 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.5%

Shares of NYSE:PG opened at $146.86 on Friday. The firm has a market cap of $341.11 billion, a P/E ratio of 22.18, a P/E/G ratio of 3.67 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The business has a fifty day simple moving average of $146.84 and a 200 day simple moving average of $147.83. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 65.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays upped their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. HSBC restated a “hold” rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Bank of America dropped their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.19.

Get Our Latest Analysis on Procter & Gamble

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Whaley sold 2,238 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc Pritchard sold 4,030 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, the insider owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

(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.

See Also

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

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