Daymark Wealth Partners LLC Reduces Holdings in Procter & Gamble Company (The) $PG

Daymark Wealth Partners LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 481,187 shares of the company’s stock after selling 8,074 shares during the quarter. Procter & Gamble makes up approximately 2.2% of Daymark Wealth Partners LLC’s holdings, making the stock its 9th biggest holding. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $68,959,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the period. Taylor Financial Group Inc. increased its stake in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after acquiring an additional 1,016 shares in the last quarter. Auxano Advisors LLC lifted its stake in Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.6%

NYSE:PG opened at $143.06 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. The company has a market cap of $332.46 billion, a PE ratio of 21.19, a P/E/G ratio of 4.81 and a beta of 0.37. The company’s 50 day moving average is $154.06 and its two-hundred day moving average is $150.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.88 earnings per share. Analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Insider Transactions at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the completion of the sale, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PG shares. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. BNP Paribas Exane lowered their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.