The Procter & Gamble Company (NYSE:PG) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,986 shares of the company’s stock after selling 1,332 shares during the quarter. Procter & Gamble accounts for about 3.3% of Daymark Wealth Partners LLC’s portfolio, making the stock its 4th biggest position. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $100,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Albion Financial Group UT lifted its holdings in shares of Procter & Gamble by 1.0% in the fourth quarter. Albion Financial Group UT now owns 33,058 shares of the company’s stock valued at $5,542,000 after purchasing an additional 320 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Procter & Gamble by 9.4% in the fourth quarter. Advisory Alpha LLC now owns 13,473 shares of the company’s stock valued at $2,259,000 after buying an additional 1,163 shares in the last quarter. West Branch Capital LLC grew its position in shares of Procter & Gamble by 2.7% in the 4th quarter. West Branch Capital LLC now owns 60,526 shares of the company’s stock valued at $10,147,000 after acquiring an additional 1,567 shares during the period. Missouri Trust & Investment Co increased its position in Procter & Gamble by 0.7% during the fourth quarter. Missouri Trust & Investment Co now owns 12,985 shares of the company’s stock worth $2,177,000 after buying an additional 91 shares during the last quarter. Finally, Braun Bostich & Associates Inc. increased its holdings in shares of Procter & Gamble by 3.1% during the 4th quarter. Braun Bostich & Associates Inc. now owns 3,379 shares of the company’s stock worth $566,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PG. Evercore ISI increased their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday. Finally, Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.25.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $166.20 on Friday. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $168.97 and a 200 day simple moving average of $169.38. The company has a market capitalization of $391.41 billion, a PE ratio of 28.66, a P/E/G ratio of 3.64 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.92 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.