Spartan Planning & Wealth Management Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Spartan Planning & Wealth Management reduced its position in The Procter & Gamble Company (NYSE:PG) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,259 shares of the company’s stock after selling 454 shares during the quarter. Procter & Gamble makes up approximately 0.9% of Spartan Planning & Wealth Management’s portfolio, making the stock its 28th biggest position. Spartan Planning & Wealth Management’s holdings in Procter & Gamble were worth $896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Navigoe LLC purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $31,000. Hoey Investments Inc. increased its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock opened at $169.92 on Friday. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a 50 day moving average price of $164.35 and a 200 day moving average price of $167.39. The firm has a market capitalization of $398.38 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $178.52.

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.