Marcum Wealth LLC Has $1.33 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Marcum Wealth LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,881 shares of the company’s stock after selling 455 shares during the quarter. Marcum Wealth LLC’s holdings in The Procter & Gamble were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PG. Sanders Capital LLC acquired a new position in shares of The Procter & Gamble during the second quarter valued at about $989,563,000. Franklin Resources Inc. grew its holdings in shares of The Procter & Gamble by 30.2% during the first quarter. Franklin Resources Inc. now owns 17,715,905 shares of the company’s stock valued at $2,399,267,000 after buying an additional 4,108,666 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of The Procter & Gamble by 35.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,631,943 shares of the company’s stock valued at $1,439,884,000 after buying an additional 2,793,345 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of The Procter & Gamble by 84.1% during the first quarter. Parnassus Investments CA now owns 5,859,148 shares of the company’s stock valued at $793,505,000 after buying an additional 2,676,176 shares during the last quarter. Finally, Beacon Capital Management Inc. grew its holdings in shares of The Procter & Gamble by 27,777.8% during the second quarter. Beacon Capital Management Inc. now owns 2,575,071 shares of the company’s stock valued at $211,568,000 after buying an additional 2,565,834 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

In other The Procter & Gamble news, CAO Michael G. Homan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $144.04, for a total value of $1,440,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carolyn M. Tastad sold 7,772 shares of the business’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $141.77, for a total transaction of $1,101,836.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 748,024 shares of company stock valued at $106,760,698. 0.51% of the stock is owned by corporate insiders.

Several research firms recently weighed in on PG. UBS Group began coverage on shares of The Procter & Gamble in a report on Wednesday, June 23rd. They set a “neutral” rating and a $138.00 price target on the stock. Zacks Investment Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Tuesday, July 20th. Evercore ISI restated a “buy” rating and set a $163.00 price target on shares of The Procter & Gamble in a report on Sunday. Credit Suisse Group boosted their price target on shares of The Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 2nd. Finally, Erste Group upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, August 20th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, The Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $151.63.

Shares of NYSE PG traded down $0.01 during midday trading on Wednesday, hitting $145.42. The company’s stock had a trading volume of 61,059 shares, compared to its average volume of 7,949,646. The stock has a fifty day moving average price of $141.87 and a 200 day moving average price of $136.63. The Procter & Gamble Company has a one year low of $121.54 and a one year high of $147.23. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $353.13 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.47 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The Procter & Gamble had a net margin of 18.80% and a return on equity of 31.49%. The company had revenue of $18.95 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 23rd were paid a dividend of $0.8698 per share. The ex-dividend date of this dividend was Thursday, July 22nd. This represents a $3.48 annualized dividend and a yield of 2.39%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s payout ratio is currently 61.48%.

The Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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