The Procter & Gamble Company (NYSE:PG) Shares Purchased by Trust Point Inc.

Trust Point Inc. boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,098 shares of the company’s stock after buying an additional 1,780 shares during the quarter. Trust Point Inc.’s holdings in Procter & Gamble were worth $4,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT grew its holdings in shares of Procter & Gamble by 32.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,438 shares of the company’s stock valued at $912,000 after purchasing an additional 1,333 shares in the last quarter. Vantage Point Financial LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $774,000. Optas LLC grew its stake in Procter & Gamble by 3.7% during the 4th quarter. Optas LLC now owns 5,731 shares of the company’s stock worth $961,000 after purchasing an additional 205 shares in the last quarter. GDS Wealth Management increased its holdings in Procter & Gamble by 46.9% during the 4th quarter. GDS Wealth Management now owns 23,915 shares of the company’s stock worth $4,009,000 after purchasing an additional 7,640 shares during the period. Finally, Holistic Planning LLC raised its position in Procter & Gamble by 0.6% in the 4th quarter. Holistic Planning LLC now owns 16,868 shares of the company’s stock valued at $2,828,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Down 0.4 %

NYSE PG opened at $168.16 on Wednesday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $394.32 billion, a PE ratio of 26.78, a P/E/G ratio of 3.73 and a beta of 0.45. The firm’s fifty day moving average is $168.17 and its two-hundred day moving average 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.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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 return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the business earned $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Barclays lifted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.