The Procter & Gamble Company (NYSE:PG) Shares Sold by HighMark Wealth Management LLC

HighMark Wealth Management LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 30.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,523 shares of the company’s stock after selling 1,566 shares during the quarter. Procter & Gamble makes up 0.3% of HighMark Wealth Management LLC’s portfolio, making the stock its 29th biggest position. HighMark Wealth Management LLC’s holdings in Procter & Gamble were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble in the third quarter worth about $33,000. Bay Harbor Wealth Management LLC grew its position in shares of Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $46,000. Costello Asset Management INC raised its position in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares in the last quarter. Finally, DecisionPoint Financial LLC lifted its stake in Procter & Gamble by 46.7% during the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after purchasing an additional 105 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % 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 stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 over the last ninety days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $162.84 on Tuesday. The firm has a market capitalization of $381.84 billion, a PE ratio of 25.93, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company’s 50 day simple moving average is $166.51 and its 200 day simple moving average is $169.52.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that The 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 will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble’s payout ratio is currently 64.17%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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 note on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.53.

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.