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

Marco Investment Management LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after purchasing an additional 284,174 shares during the period. Partners in Financial Planning purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $585,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Procter & Gamble by 4.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 16,369 shares of the company's stock worth $2,744,000 after purchasing an additional 627 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Procter & Gamble by 4.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 36,453 shares of the company's stock worth $6,111,000 after purchasing an additional 1,581 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.12.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on 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 transaction, the insider owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.8%

NYSE PG opened at $156.98 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market cap of $368.05 billion, a PE ratio of 24.92, a price-to-earnings-growth 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. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43.

Procter & Gamble Dividend Announcement

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 paid a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

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 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.

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