The Procter & Gamble Company (NYSE:PG) Shares Sold by Sunburst Financial Group LLC

Sunburst Financial Group LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,646 shares of the company’s stock after selling 1,098 shares during the period. Procter & Gamble accounts for approximately 0.8% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Sunburst Financial Group LLC’s holdings in Procter & Gamble were worth $3,126,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Patrick M Sweeney & Associates Inc. grew its stake in shares of Procter & Gamble by 1.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock worth $963,000 after purchasing an additional 59 shares in the last quarter. Valued Wealth Advisors LLC lifted its holdings in Procter & Gamble by 11.2% in the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock worth $105,000 after purchasing an additional 61 shares during the period. Colton Groome Financial Advisors LLC grew its position in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock valued at $334,000 after buying an additional 62 shares in the last quarter. Tevis Investment Management increased its stake in Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after buying an additional 65 shares during the period. Finally, Dakota Community Bank & Trust NA raised its position in shares of Procter & Gamble by 3.3% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock worth $348,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s 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 completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 in the last quarter. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $171.15 on Friday. The company’s fifty day moving average is $166.83 and its two-hundred day moving average is $169.44. The company has a market cap of $401.33 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

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, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. Procter & Gamble’s payout ratio is 64.17%.

About Procter & Gamble

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.