Marcus Capital LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,950 shares of the company’s stock after buying an additional 775 shares during the period. Procter & Gamble makes up about 2.7% of Marcus Capital LLC’s holdings, making the stock its 13th biggest position. Marcus Capital LLC’s holdings in Procter & Gamble were worth $855,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Twin Tree Management LP acquired a new position in Procter & Gamble in the 1st quarter worth about $144,000. Marshall & Sullivan Inc. WA acquired a new position in Procter & Gamble in the 2nd quarter worth about $149,000. Clearwater Capital Advisors LLC acquired a new position in Procter & Gamble in the 1st quarter worth about $154,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new position in Procter & Gamble in the 1st quarter worth about $170,000. 58.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO David S. Taylor sold 63,113 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the sale, the chief executive officer now owns 226,393 shares in the company, valued at approximately $20,755,710.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the sale, the insider now owns 113,638 shares of the company’s stock, valued at approximately $9,244,451.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,302 shares of company stock valued at $13,438,363. 1.84% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 target price on shares of Procter & Gamble in a research report on Friday. TD Securities reiterated a “hold” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America upped their price target on Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 6th. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.38.
PG opened at $92.41 on Friday. The stock has a market cap of $230.14 billion, a PE ratio of 21.90, a P/E/G ratio of 2.99 and a beta of 0.37. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities research analysts forecast that Procter & Gamble Co will post 4.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.10%. Procter & Gamble’s payout ratio is 68.01%.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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