Marshall Financial Group LLC Trims Stock Holdings in Procter & Gamble Company (The) $PG

Marshall Financial Group LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 19.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,632 shares of the company’s stock after selling 4,766 shares during the quarter. Marshall Financial Group LLC’s holdings in Procter & Gamble were worth $2,813,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Procter & Gamble in the second quarter worth $5,099,644,000. Laurel Wealth Advisors LLC boosted its stake in Procter & Gamble by 15,971.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock valued at $1,117,270,000 after acquiring an additional 6,969,110 shares during the last quarter. Invesco Ltd. boosted its stake in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the last quarter. Amundi grew its holdings in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after acquiring an additional 2,222,560 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Procter & Gamble by 66.3% in the 2nd quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock worth $877,014,000 after purchasing an additional 2,195,560 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $143.97 on Tuesday. The company has a market cap of $334.58 billion, a PE ratio of 21.33, a P/E/G ratio of 4.82 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The firm has a 50-day simple moving average of $154.08 and a 200 day simple moving average of $150.53. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter last year, the company posted $1.88 earnings per share. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and upped their price objective for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Barclays set a $155.00 target price on Procter & Gamble in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.33.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This trade represents a 50.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by company insiders.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.