Tidemark LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Tidemark LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 894 shares of the company’s stock, valued at approximately $131,000.

Several other hedge funds have also modified their holdings of PG. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter worth $33,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $0.62 during trading on Thursday, hitting $167.19. 1,371,306 shares of the stock were exchanged, compared to its average volume of 6,640,819. The stock’s fifty day moving average is $161.67 and its 200 day moving average is $155.78. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $168.54. The stock has a market cap of $394.59 billion, a PE ratio of 27.41, a P/E/G ratio of 3.42 and a beta of 0.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 181,185 shares of company stock worth $29,705,503 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and twelve have given a 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 $169.76.

About Procter & Gamble

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.