Gryphon Financial Partners LLC Sells 1,690 Shares of The Procter & Gamble Company (NYSE:PG)

Gryphon Financial Partners LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,564 shares of the company’s stock after selling 1,690 shares during the period. Procter & Gamble makes up approximately 1.7% of Gryphon Financial Partners LLC’s holdings, making the stock its 13th biggest position. Gryphon Financial Partners LLC’s holdings in Procter & Gamble were worth $11,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meridian Wealth Management LLC lifted its stake in Procter & Gamble by 1.1% during the 4th quarter. Meridian Wealth Management LLC now owns 58,796 shares of the company’s stock valued at $9,857,000 after acquiring an additional 644 shares during the period. Kelly Financial Group LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $746,000. Detalus Advisors LLC lifted its stake in Procter & Gamble by 3.8% during the 4th quarter. Detalus Advisors LLC now owns 7,853 shares of the company’s stock valued at $1,317,000 after acquiring an additional 288 shares during the period. Auxano Advisors LLC lifted its stake in Procter & Gamble by 3.7% during the 4th quarter. Auxano Advisors LLC now owns 7,217 shares of the company’s stock valued at $1,210,000 after acquiring an additional 260 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its stake in Procter & Gamble by 35.6% during the 4th quarter. Woodley Farra Manion Portfolio Management Inc. now owns 3,048 shares of the company’s stock valued at $511,000 after acquiring an additional 801 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.1 %

Procter & Gamble stock opened at $173.84 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a 50 day moving average of $166.29 and a 200 day moving average of $169.56. The firm has a market capitalization of $407.63 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the firm posted $1.84 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PG. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $181.11.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.