Marcum Wealth LLC Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Marcum Wealth LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,261 shares of the company’s stock after selling 103 shares during the quarter. Marcum Wealth LLC’s holdings in Procter & Gamble were worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fragasso Group Inc. boosted its holdings in shares of Procter & Gamble by 1.9% during the first quarter. Fragasso Group Inc. now owns 11,143 shares of the company’s stock worth $1,808,000 after purchasing an additional 210 shares during the period. Aprio Wealth Management LLC grew its position in shares of Procter & Gamble by 12.8% in the 1st quarter. Aprio Wealth Management LLC now owns 6,027 shares of the company’s stock worth $978,000 after buying an additional 683 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Procter & Gamble by 10.7% during the first quarter. Park Avenue Securities LLC now owns 83,748 shares of the company’s stock valued at $13,588,000 after buying an additional 8,084 shares during the period. Legacy Financial Group LLC bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $270,000. Finally, BCS Wealth Management boosted its holdings in Procter & Gamble by 66.5% in the first quarter. BCS Wealth Management now owns 10,638 shares of the company’s stock valued at $1,726,000 after acquiring an additional 4,247 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

Shares of Procter & Gamble stock opened at $168.26 on Friday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.97. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $164.59 and its 200 day moving average is $158.09. The company has a market cap of $397.12 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the firm earned $1.37 EPS. The company’s revenue was up .6% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Argus boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group started coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Finally, Jefferies Financial Group boosted their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $169.76.

About Procter & Gamble

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.