Raiffeisen Bank International AG Trims Stake in Procter & Gamble Company (The)

Raiffeisen Bank International AG reduced its stake in Procter & Gamble Company (The) by 3.7% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The bank owned 433,797 shares of Procter & Gamble's stock after selling 16,879 shares during the period, which is worth $64,397,000 as of its most recent SEC filing. This represents 0.8% of Raiffeisen Bank International AG's holdings, making it the company's 28th biggest position.

Other hedge funds have also made changes to their stakes in Procter & Gamble during the fourth quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings by 1,000.0% and now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares.

Procter & Gamble Company has a market capitalization of $341.11 billion and a P/E ratio of 22.18. The company reported earnings per share of $1.43 for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble also recently declared a quarterly dividend of $1.0885 per share, which was paid on Monday, August 17th.