Macquarie Group Ltd. Sells 50,888 Shares of Procter & Gamble Company (The) (PG)

Macquarie Group Ltd. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354,127 shares of the company’s stock after selling 50,888 shares during the period. Macquarie Group Ltd.’s holdings in Procter & Gamble Company (The) were worth $31,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rosenbaum Jay D. boosted its stake in Procter & Gamble Company (The) by 1.3% in the first quarter. Rosenbaum Jay D. now owns 19,756 shares of the company’s stock valued at $1,775,000 after acquiring an additional 260 shares in the last quarter. Moreno Evelyn V boosted its stake in Procter & Gamble Company (The) by 15.8% in the first quarter. Moreno Evelyn V now owns 61,092 shares of the company’s stock valued at $5,490,000 after acquiring an additional 8,334 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in Procter & Gamble Company (The) by 0.6% in the first quarter. Curbstone Financial Management Corp now owns 11,983 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Pioneer Trust Bank N A OR boosted its stake in Procter & Gamble Company (The) by 1.0% in the first quarter. Pioneer Trust Bank N A OR now owns 49,506 shares of the company’s stock valued at $4,448,000 after acquiring an additional 478 shares in the last quarter. Finally, Rathbone Brothers plc boosted its stake in Procter & Gamble Company (The) by 1.8% in the first quarter. Rathbone Brothers plc now owns 159,290 shares of the company’s stock valued at $14,312,000 after acquiring an additional 2,874 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

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Shares of Procter & Gamble Company (PG) traded down 0.78% on Tuesday, hitting $93.26. 2,956,818 shares of the company traded hands. The company has a market capitalization of $237.81 billion, a PE ratio of 16.67 and a beta of 0.68. The stock’s 50-day moving average price is $91.66 and its 200-day moving average price is $89.47. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $93.98.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

In related news, CEO David S. Taylor sold 6,382 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now owns 134,884 shares in the company, valued at approximately $12,414,723.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the sale, the insider now owns 120,734 shares of the company’s stock, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by company insiders.

Several brokerages have weighed in on PG. Jefferies Group LLC restated a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble Company (The) in a research note on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.10.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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