Martin Investment Management LLC Decreases Position in Procter & Gamble Company (The) (PG)

Martin Investment Management LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 28.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,459 shares of the company’s stock after selling 47,078 shares during the period. Procter & Gamble Company (The) makes up approximately 3.1% of Martin Investment Management LLC’s holdings, making the stock its 14th largest position. Martin Investment Management LLC’s holdings in Procter & Gamble Company (The) were worth $10,823,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PG. Integrated Investment Consultants LLC raised its position in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Procter & Gamble Company (The) by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 417,703 shares of the company’s stock valued at $35,128,000 after buying an additional 9,273 shares in the last quarter. Lincluden Management Ltd. raised its position in shares of Procter & Gamble Company (The) by 8.0% in the fourth quarter. Lincluden Management Ltd. now owns 119,056 shares of the company’s stock valued at $10,010,000 after buying an additional 8,822 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at approximately $8,507,000. Finally, Hefty Wealth Partners raised its position in shares of Procter & Gamble Company (The) by 1,730.0% in the first quarter. Hefty Wealth Partners now owns 11,730 shares of the company’s stock valued at $1,053,000 after buying an additional 11,089 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Procter & Gamble Company (NYSE PG) opened at 92.47 on Friday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.95. The firm’s 50-day moving average is $89.57 and its 200-day moving average is $89.11. The firm has a market cap of $235.80 billion, a PE ratio of 16.53 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same period in the prior year, the company earned $0.79 EPS. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. Equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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Several equities analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday. Stifel Nicolaus reiterated a “hold” rating and set a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $87.48.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrice Louvet sold 49,226 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $86.46, for a total value of $4,256,079.96. Following the completion of the sale, the insider now directly owns 93,656 shares of the company’s stock, valued at $8,097,497.76. The disclosure for this sale can be found here. Insiders sold 127,032 shares of company stock valued at $11,130,014 over the last three months. 0.35% of the stock is owned by insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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