Daymark Wealth Partners LLC Sells 8,074 Shares of Procter & Gamble Company (The) $PG

Daymark Wealth Partners LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 481,187 shares of the company’s stock after selling 8,074 shares during the period. Procter & Gamble comprises about 2.2% of Daymark Wealth Partners LLC’s portfolio, making the stock its 9th largest holding. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $68,959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC purchased a new position in Procter & Gamble during the third quarter valued at approximately $25,000. Saranac Partners Ltd purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $30,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Caitlin John LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 348,618 shares of company stock valued at $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Rothschild & Co Redburn lifted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and raised their target price for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Stock Performance

NYSE PG opened at $143.06 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $154.06 and its 200-day simple moving average is $150.41. The company has a market cap of $332.46 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 4.81 and a beta of 0.37. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. 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 presently 62.67%.

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.