Paragon Capital Management LLC Sells 343 Shares of The Procter & Gamble Company (NYSE:PG)

Paragon Capital Management LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,368 shares of the company’s stock after selling 343 shares during the period. Paragon Capital Management LLC’s holdings in Procter & Gamble were worth $397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $1,447,000. Independent Solutions Wealth Management LLC raised its position in shares of Procter & Gamble by 0.7% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 10,256 shares of the company’s stock valued at $1,719,000 after buying an additional 71 shares during the last quarter. Kiker Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $306,000. Antonelli Financial Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $350,000. Finally, Lowe Brockenbrough & Co. Inc. raised its position in shares of Procter & Gamble by 0.5% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 83,423 shares of the company’s stock valued at $13,986,000 after buying an additional 404 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 over the last three months. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

PG stock opened at $167.47 on Friday. 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 business has a 50-day moving average price of $167.82 and a 200 day moving average price of $169.76. The company has a market capitalization of $392.69 billion, a P/E ratio of 26.67, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is currently 64.01%.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

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.