Demars Financial Group LLC Has $225,000 Position in The Procter & Gamble Company (NYSE:PG)

Demars Financial Group LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,363 shares of the company’s stock after selling 134 shares during the quarter. Demars Financial Group LLC’s holdings in Procter & Gamble were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advantage Trust Co bought a new stake in Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $29,000. Ruedi Wealth Management Inc. raised its position in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. Transcendent Capital Group LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth $33,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $0.03 during trading on Friday, hitting $167.89. The stock had a trading volume of 5,640,925 shares, compared to its average volume of 7,681,546. The stock’s 50 day moving average is $166.99 and its two-hundred day moving average is $163.30. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.72. The stock has a market cap of $396.24 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.66 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is 65.85%.

Insider Activity

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold a total of 116,313 shares of company stock valued at $19,703,643 over the last quarter. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Citigroup increased their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI lifted their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.