Marco Investment Management LLC Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Marco Investment Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,490 shares of the company’s stock after purchasing an additional 800 shares during the period. Marco Investment Management LLC’s holdings in Procter & Gamble were worth $10,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. China Universal Asset Management Co. Ltd. raised its stake in Procter & Gamble by 5.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares during the period. Quent Capital LLC raised its stake in Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after purchasing an additional 206 shares during the period. Transcendent Capital Group LLC raised its stake in Procter & Gamble by 94.8% during the first quarter. Transcendent Capital Group LLC now owns 411 shares of the company’s stock worth $67,000 after purchasing an additional 200 shares during the period. Earnest Partners LLC purchased a new position in Procter & Gamble during the first quarter worth about $211,000. Finally, Lavaca Capital LLC raised its position in Procter & Gamble by 17.2% in the 1st quarter. Lavaca Capital LLC now owns 4,006 shares of the company’s stock valued at $650,000 after purchasing an additional 589 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 2.0 %

PG opened at $176.28 on Friday. The stock has a market capitalization of $415.15 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.74 and a beta of 0.42. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The firm’s fifty day simple moving average is $170.04 and its 200 day simple moving average is $168.64. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 EPS. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.28%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson restated a “neutral” rating and issued a $160.00 target price on shares of Procter & Gamble in a report on Wednesday. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.00.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The trade was a 12.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,693 shares of company stock worth $27,311,345 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.