The Procter & Gamble Company (NYSE:PG) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,454,771 shares of the company's stock after buying an additional 21,696 shares during the period. Assetmark Inc. owned 0.06% of Procter & Gamble worth $243,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after purchasing an additional 4,035 shares in the last quarter. Strategic Advisors LLC grew its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after acquiring an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new stake in Procter & Gamble during the third quarter valued at about $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $569,000. Finally, Richard C. Young & CO. LTD. increased its holdings in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after buying an additional 2,568 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm'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 transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction 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 in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Up 1.0 %

Shares of PG traded up $1.65 during trading hours on Wednesday, hitting $174.83. The company had a trading volume of 6,988,989 shares, compared to its average volume of 6,341,849. The company has a market capitalization of $409.95 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The company's fifty day moving average price is $166.64 and its two-hundred day moving average price is $169.69. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.30%. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

Analyst Ratings Changes

Several research firms have commented on PG. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. DA Davidson restated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven equities 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $181.11.

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.