Impact Capital Partners LLC Has $7.88 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Impact Capital Partners LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,211 shares of the company’s stock after buying an additional 2,021 shares during the quarter. Procter & Gamble accounts for about 2.9% of Impact Capital Partners LLC’s investment portfolio, making the stock its 4th largest position. Impact Capital Partners LLC’s holdings in Procter & Gamble were worth $7,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lakeridge Wealth Management LLC lifted its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after buying an additional 60 shares during the period. Unique Wealth LLC lifted its position in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock worth $365,000 after buying an additional 61 shares during the period. Kolinsky Wealth Management LLC lifted its position in shares of Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock worth $962,000 after buying an additional 64 shares during the period. Retirement Planning Group LLC lifted its position in shares of Procter & Gamble by 1.4% during the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock worth $789,000 after buying an additional 64 shares during the period. Finally, First Citizens Financial Corp lifted its position in shares of Procter & Gamble by 1.8% during the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company’s stock worth $624,000 after buying an additional 64 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.7%

PG stock opened at $164.01 on Friday. The company has a market cap of $384.53 billion, a P/E ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $164.01 and a 200-day moving average of $167.27.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. Procter & Gamble’s payout ratio is 66.98%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms recently commented on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Raymond James cut their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Eight equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

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.