Marotta Asset Management Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Marotta Asset Management purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,262 shares of the company’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Moneta Group Investment Advisors LLC grew its position in shares of Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares in the last quarter. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter valued at about $3,752,321,000. Price T Rowe Associates Inc. MD boosted its position in Procter & Gamble by 42.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,386,838 shares of the company’s stock valued at $3,626,080,000 after purchasing an additional 7,235,990 shares in the last quarter. Morgan Stanley boosted its position in Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Procter & Gamble by 43.9% during the fourth quarter. Alliancebernstein L.P. now owns 9,462,510 shares of the company’s stock valued at $1,434,138,000 after purchasing an additional 2,888,007 shares in the last quarter. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Up 1.1 %

Shares of PG stock opened at $154.79 on Friday. The stock has a 50 day moving average of $153.20 and a 200 day moving average of $150.06. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The stock has a market cap of $364.89 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.81 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The company had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. Procter & Gamble’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. William Blair assumed coverage on Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Wells Fargo & Company increased their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Barclays increased their price target on Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Bank of America increased their price target on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $174.00 price target on shares of Procter & Gamble in a research note on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.82.

Insider Activity

In other news, CAO Matthew W. Janzaruk sold 33,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the sale, the chief accounting officer now directly owns 888 shares in the company, valued at $138,758.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gary A. Coombe sold 10,094 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total transaction of $1,554,476.00. Following the completion of the sale, the chief executive officer now directly owns 36,896 shares in the company, valued at $5,681,984. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the sale, the chief accounting officer now owns 888 shares of the company’s stock, valued at $138,758.88. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock worth $16,523,793 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company 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.