Marino Stram & Associates LLC Has $3.19 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Marino Stram & Associates LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,350 shares of the company’s stock after selling 248 shares during the quarter. Procter & Gamble makes up about 0.8% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 22nd largest holding. Marino Stram & Associates LLC’s holdings in Procter & Gamble were worth $3,191,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PG. Advantage Trust Co acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $28,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. increased its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PG shares. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Stock Down 0.0 %

PG stock traded down $0.03 during trading hours on Friday, reaching $167.89. 5,640,925 shares of the stock were exchanged, compared to its average volume of 6,674,588. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market cap of $396.24 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.70 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.72. The firm’s 50-day moving average is $166.99 and its 200-day moving average is $163.22.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 116,313 shares of company stock worth $19,703,643 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

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.