Marco Investment Management LLC Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Marco Investment Management LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 0.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 60,690 shares of the company’s stock after selling 200 shares during the period. Marco Investment Management LLC’s holdings in Procter & Gamble were worth $10,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of PG. SP Asset Management LLC increased its position in Procter & Gamble by 1.7% in the second quarter. SP Asset Management LLC now owns 39,964 shares of the company’s stock worth $6,591,000 after purchasing an additional 669 shares during the last quarter. Biltmore Family Office LLC lifted its position in shares of Procter & Gamble by 1.5% during the second quarter. Biltmore Family Office LLC now owns 23,183 shares of the company’s stock worth $3,823,000 after purchasing an additional 350 shares during the last quarter. Blue Square Asset Management LLC boosted its position in Procter & Gamble by 1.6% in the 2nd quarter. Blue Square Asset Management LLC now owns 10,977 shares of the company’s stock valued at $1,810,000 after buying an additional 170 shares during the period. Angeles Wealth Management LLC grew its stake in Procter & Gamble by 24.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 6,047 shares of the company’s stock worth $997,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Carson Advisory Inc. raised its stake in shares of Procter & Gamble by 15.2% during the second quarter. Carson Advisory Inc. now owns 11,961 shares of the company’s stock valued at $1,973,000 after acquiring an additional 1,582 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 1.0 %

Shares of NYSE:PG opened at $177.83 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The firm has a market capitalization of $419.70 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The firm’s 50-day moving average is $168.80 and its two-hundred day moving average is $164.95.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.26%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Citigroup lifted their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.79.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.