The Procter & Gamble Company (NYSE:PG) Stock Holdings Lifted by Daymark Wealth Partners LLC

Posted by Defense World Staff on Jul 7th, 2023

Daymark Wealth Partners LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 357,362 shares of the company’s stock after buying an additional 27,666 shares during the quarter. Procter & Gamble makes up 7.0% of Daymark Wealth Partners LLC’s holdings, making the stock its largest holding. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $53,136,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Axiom Financial Strategies LLC increased its holdings in shares of Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the last quarter. AMI Investment Management Inc. grew its holdings in Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after purchasing an additional 233 shares during the last quarter. LSV Asset Management grew its holdings in Procter & Gamble by 5.7% during the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares during the last quarter. Ergoteles LLC bought a new position in Procter & Gamble during the 1st quarter valued at about $3,073,000. Finally, Wsfs Capital Management LLC grew its holdings in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the transaction, the chief financial officer now owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the sale, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 25,244 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the sale, the chief financial officer now directly owns 27,118 shares in the company, valued at $4,210,611.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI upped their price target on shares of Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 24th. Truist Financial cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the company from $165.00 to $155.00 in a research report on Thursday, May 18th. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. Finally, Barclays boosted their price objective on shares of Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.50.

Procter & Gamble Trading Down 0.1 %

NYSE PG opened at $152.05 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51. The firm has a market cap of $358.38 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.42. The company has a 50 day moving average price of $150.12 and a 200 day moving average price of $147.41. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.11.

Procter & Gamble (NYSE:PG – Free Report) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The business had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the prior year, the business posted $1.33 EPS. Procter & Gamble’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 5.86 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is presently 65.51%.

About Procter & Gamble

(Free Report)

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.