Marcum Wealth LLC Trims Stake in The Procter & Gamble Company (NYSE:PG)

Marcum Wealth LLC lessened its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,433 shares of the company’s stock after selling 168 shares during the quarter. Marcum Wealth LLC’s holdings in Procter & Gamble were worth $2,146,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. EWG Elevate Inc. acquired a new position in Procter & Gamble during the 4th quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in Procter & Gamble in the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $30,000. Luken Investment Analytics LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at about $37,000. Finally, Kepos Capital LP acquired a new stake in Procter & Gamble in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $165.00 to $155.00 in a report on Thursday, May 18th. StockNews.com assumed coverage on Procter & Gamble in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Raymond James increased their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Sunday, April 23rd. Finally, UBS Group increased their price objective on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.50.

Insider Activity

In other news, insider Susan Street Whaley sold 4,852 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total value of $754,340.44. Following the completion of the sale, the insider now directly owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the completion of the transaction, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 4,852 shares of Procter & Gamble stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total value of $754,340.44. Following the transaction, the insider now directly owns 7,977 shares of the company’s stock, valued at $1,240,184.19. The disclosure for this sale can be found here. Insiders sold 95,093 shares of company stock valued at $14,821,930 in the last three months. 0.26% of the stock is currently owned by company insiders.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock opened at $152.46 on Tuesday. The business’s 50 day moving average is $150.34 and its two-hundred day moving average is $147.33. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.11. The company has a market capitalization of $359.34 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 4.22 and a beta of 0.42. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG – Free Report) last announced its earnings results on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The company had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 5.86 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a $0.9407 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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