Sawtooth Solutions LLC Has $1.59 Million Position in The Procter & Gamble Company (NYSE:PG)

Sawtooth Solutions LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 87.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,763 shares of the company’s stock after selling 83,128 shares during the quarter. Sawtooth Solutions LLC’s holdings in The Procter & Gamble were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PG. Allied Investment Advisors LLC increased its stake in shares of The Procter & Gamble by 3.8% in the first quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock valued at $5,972,000 after buying an additional 1,601 shares in the last quarter. New England Investment & Retirement Group Inc. acquired a new stake in shares of The Procter & Gamble in the first quarter valued at $2,481,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Procter & Gamble by 0.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 950,534 shares of the company’s stock valued at $128,731,000 after buying an additional 8,664 shares in the last quarter. We Are One Seven LLC increased its stake in shares of The Procter & Gamble by 12.5% in the first quarter. We Are One Seven LLC now owns 11,552 shares of the company’s stock valued at $1,564,000 after buying an additional 1,279 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of The Procter & Gamble by 17.5% in the first quarter. Exchange Traded Concepts LLC now owns 39,894 shares of the company’s stock valued at $5,403,000 after buying an additional 5,948 shares in the last quarter. Hedge funds and other institutional investors own 62.97% of the company’s stock.

In related news, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $135.47, for a total value of $1,743,769.84. Also, CEO Ma. Fatima Francisco sold 3,000 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $135.00, for a total value of $405,000.00. Following the completion of the sale, the chief executive officer now directly owns 308,563 shares in the company, valued at approximately $41,656,005. The disclosure for this sale can be found here. Insiders have sold a total of 2,219,280 shares of company stock worth $299,094,832 in the last quarter. 0.70% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on PG shares. Citigroup lowered The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft decreased their price target on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, April 21st. JPMorgan Chase & Co. decreased their price target on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, April 16th. Morgan Stanley decreased their price target on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, April 19th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and issued a $150.00 price target (down previously from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $148.93.

PG traded down $0.20 during midday trading on Wednesday, reaching $132.92. 152,655 shares of the company were exchanged, compared to its average volume of 8,554,511. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The Procter & Gamble Company has a one year low of $115.04 and a one year high of $146.92. The firm has a market cap of $325.42 billion, a PE ratio of 24.52, a P/E/G ratio of 3.43 and a beta of 0.43. The company’s 50-day simple moving average is $135.28.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The Procter & Gamble had a return on equity of 31.71% and a net margin of 18.97%. The business had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The Procter & Gamble’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 5.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Friday, April 23rd were issued a dividend of $0.8698 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, April 22nd. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is 67.97%.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Read More: Trade War

Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.