The Marathon Asset Management LLP Sells 24,830 Shares of Procter & Gamble Co (PG)

The Marathon Asset Management LLP Sells 24,830 Shares of Procter & Gamble Co (PG)

Other large investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. boosted its stake in shares of Procter & Gamble Co by 14.3% in the third quarter. Dubuque Bank & Trust Co. now owns 31,108 shares of the company’s stock worth $2,792,000 after buying an additional 3,889 shares during the last quarter. Jacobus Wealth Management Inc. boosted its stake in shares of Procter & Gamble Co by 7.9% in the third quarter. Jacobus Wealth Management Inc. now owns 3,575 shares of the company’s stock worth $321,000 after buying an additional 263 shares during the last quarter. ARGI Investment Services LLC boosted its stake in shares of Procter & Gamble Co by 1.5% in the third quarter. ARGI Investment Services LLC now owns 70,052 shares of the company’s stock worth $6,287,000 after buying an additional 1,029 shares during the last quarter. Windsor Capital Management LLC boosted its stake in shares of Procter & Gamble Co by 5.7% in the third quarter. Windsor Capital Management LLC now owns 13,522 shares of the company’s stock worth $1,213,000 after buying an additional 732 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Procter & Gamble Co by 3.8% in the third quarter. Advisor Group Inc. now owns 318,053 shares of the company’s stock worth $27,859,000 after buying an additional 11,646 shares during the last quarter. 68.33% of the stock is owned by institutional investors and hedge funds.

Marathon Asset Management LLP cut its position in shares of Procter & Gamble Co (NYSE:PG) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,264,801 shares of the company’s stock after selling 24,830 shares during the period. Procter & Gamble Co comprises about 2.5% of Marathon Asset Management LLP’s portfolio, making the stock its 7th largest position. Marathon Asset Management LLP’s holdings in Procter & Gamble Co were worth $113,642,000 at the end of the most recent quarter.

Procter & Gamble Co (NYSE PG) opened at 88.59 on Monday. Procter & Gamble Co has a 52-week low of $80.95 and a 52-week high of $92.00. The firm has a market capitalization of $226.58 billion, a PE ratio of 16.29 and a beta of 0.64. The stock’s 50 day moving average price is $87.40 and its 200 day moving average price is $87.26.

Procter & Gamble Co (NYSE:PG) last announced its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $15.61 billion during the quarter, compared to the consensus estimate of $15.70 billion. Procter & Gamble Co had a return on equity of 18.58% and a net margin of 23.44%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Analysts expect that Procter & Gamble Co will post $3.85 earnings per share for the current year.

PG has been the subject of a number of research reports. Vetr cut Procter & Gamble Co from a “hold” rating to a “sell” rating and set a $84.90 price objective for the company. in a research note on Tuesday, February 14th. Jefferies Group LLC lifted their price objective on Procter & Gamble Co from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Deutsche Bank AG reissued a “hold” rating and set a $90.00 target price on shares of Procter & Gamble Co in a research note on Thursday, February 16th. Barclays PLC set a $93.00 target price on Procter & Gamble Co and gave the stock a “hold” rating in a research note on Saturday, February 18th. Finally, Evercore ISI reissued an “underweight” rating on shares of Procter & Gamble Co in a research note on Monday, February 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Procter & Gamble Co presently has an average rating of “Hold” and a consensus price target of $92.90. In other news, insider Patrice Louvet sold 3,837 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $87.00, for a total transaction of $333,819.00. Following the completion of the sale, the insider now directly owns 46,913 shares in the company, valued at $4,081,431. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven D. Bishop sold 2,668 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the sale, the insider now owns 43,608 shares of the company’s stock, valued at $3,808,722.72. The disclosure for this sale can be found here. Insiders have sold 199,891 shares of company stock valued at $17,276,637 over the last 90 days. Insiders own 0.35% of the company’s stock.

Procter & Gamble Co Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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