Sagespring Wealth Partners LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Sagespring Wealth Partners LLC bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,053 shares of the company's stock, valued at approximately $7,721,000.

A number of other institutional investors have also recently bought and sold shares of PG. Townsquare Capital LLC lifted its stake in shares of Procter & Gamble by 11.6% in the 4th quarter. Townsquare Capital LLC now owns 132,662 shares of the company's stock valued at $22,241,000 after purchasing an additional 13,836 shares in the last quarter. Distillate Capital Partners LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $42,431,000. Nicolet Bankshares Inc. raised its stake in shares of Procter & Gamble by 1.0% in the 4th quarter. Nicolet Bankshares Inc. now owns 19,585 shares of the company's stock valued at $3,283,000 after acquiring an additional 199 shares during the period. Manhattan West Asset Management LLC lifted its holdings in shares of Procter & Gamble by 3.2% during the 4th quarter. Manhattan West Asset Management LLC now owns 31,579 shares of the company's stock valued at $5,294,000 after acquiring an additional 969 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Procter & Gamble by 1.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 767,283 shares of the company's stock worth $128,631,000 after purchasing an additional 9,629 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last quarter. Company insiders own 0.18% of the company's stock.

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Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.58 during midday trading on Tuesday, hitting $168.56. The company's stock had a trading volume of 8,763,415 shares, compared to its average volume of 7,063,102. The firm has a market cap of $395.24 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The firm's fifty day moving average price is $168.35 and its 200-day moving average price is $168.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.51%. Procter & Gamble's payout ratio is 67.20%.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

Procter & Gamble 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.