Marco Investment Management LLC Reduces Position in Procter & Gamble Company (The) (NYSE:PG)

Marco Investment Management LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,283 shares of the company’s stock after selling 1,937 shares during the period. Marco Investment Management LLC’s holdings in Procter & Gamble were worth $10,103,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Northern Trust Corp boosted its holdings in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock worth $3,386,194,000 after buying an additional 1,209,275 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Procter & Gamble by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after buying an additional 2,224,912 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Procter & Gamble by 13.6% during the fourth quarter. Invesco Ltd. now owns 11,265,453 shares of the company’s stock worth $1,888,653,000 after buying an additional 1,345,501 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $156.98 on Tuesday. Procter & Gamble Company has a 12-month low of $151.90 and a 12-month high of $180.43. The stock has a market cap of $368.05 billion, a P/E ratio of 24.92, a PEG ratio of 4.51 and a beta of 0.40. The company has a 50-day moving average price of $160.86 and a 200 day moving average price of $164.24. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s payout ratio is currently 67.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America lowered their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Barclays upped their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. UBS Group reduced their price objective on shares of Procter & Gamble from $186.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.12.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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