Daymark Wealth Partners LLC Sells 1,332 Shares of The Procter & Gamble Company (NYSE:PG)

Daymark Wealth Partners LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 598,986 shares of the company’s stock after selling 1,332 shares during the period. Procter & Gamble makes up approximately 3.3% of Daymark Wealth Partners LLC’s investment portfolio, making the stock its 4th largest holding. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $100,420,000 as of its most recent filing with the SEC.

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

Procter & Gamble Stock Performance

NYSE:PG opened at $166.20 on Friday. The Procter & Gamble Company has a 12-month low of $152.06 and a 12-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 50-day moving average price of $168.97 and a 200 day moving average price of $169.38. The firm has a market capitalization of $391.41 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21,657,595.49 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is presently 69.48%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PG. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.25.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction 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 $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.