Crestline Management LP Has $1.72 Million Stake in The Procter & Gamble Company (NYSE:PG)

Crestline Management LP cut its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,259 shares of the company's stock after selling 1,746 shares during the quarter. Crestline Management LP's holdings in Procter & Gamble were worth $1,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after purchasing an additional 608,168 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in Procter & Gamble by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after acquiring an additional 139 shares during the last quarter. Range Financial Group LLC increased its position in shares of Procter & Gamble by 4.8% during the 4th quarter. Range Financial Group LLC now owns 2,227 shares of the company's stock worth $373,000 after purchasing an additional 102 shares during the last quarter. Innova Wealth Partners acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $731,000. Finally, Park National Corp OH lifted its stake in Procter & Gamble by 7.3% during the 4th quarter. Park National Corp OH now owns 260,399 shares of the company's stock worth $43,656,000 after acquiring an additional 17,720 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,520 shares of company stock worth $10,999,268. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 2.0%

Shares of Procter & Gamble stock traded up $3.22 on Monday, hitting $160.88. 7,376,261 shares of the company's stock traded hands, compared to its average volume of 7,202,373. The Procter & Gamble Company has a 52-week low of $156.30 and a 52-week 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 stock has a market cap of $377.18 billion, a P/E ratio of 25.62, a PEG ratio of 3.76 and a beta of 0.41. The firm's 50-day moving average is $165.92 and its 200 day moving average is $167.54.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 net margin of 18.35% and a return on equity of 33.00%. The company's revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. 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 report on Thursday, January 23rd. Raymond James cut their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Company 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.