Hager Investment Management Services LLC Purchases New Shares in The Procter & Gamble Company (NYSE:PG)

Hager Investment Management Services LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,036 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Stratos Wealth Advisors LLC increased its stake in Procter & Gamble by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 144,166 shares of the company’s stock valued at $24,169,000 after buying an additional 10,527 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Procter & Gamble by 0.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 159,210 shares of the company’s stock worth $26,692,000 after purchasing an additional 752 shares during the period. Sargent Investment Group LLC grew its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Sargent Investment Group LLC now owns 12,840 shares of the company’s stock worth $2,040,000 after purchasing an additional 424 shares during the period. Guidance Capital Inc. grew its stake in shares of Procter & Gamble by 0.6% during the 4th quarter. Guidance Capital Inc. now owns 13,497 shares of the company’s stock worth $2,215,000 after purchasing an additional 85 shares during the period. Finally, Cassia Capital Partners LLC grew its stake in shares of Procter & Gamble by 37.8% during the 4th quarter. Cassia Capital Partners LLC now owns 5,999 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,646 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.6 %

NYSE PG opened at $169.07 on Thursday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company’s 50 day moving average price is $167.94 and its 200 day moving average price is $169.41. 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 firm has a market capitalization of $396.45 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the firm posted $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s payout ratio is 64.01%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.