Tritonpoint Wealth LLC Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Tritonpoint Wealth LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 15.1% in the 4th quarter, HoldingsChannel reports. The fund owned 27,091 shares of the company’s stock after selling 4,820 shares during the period. Tritonpoint Wealth LLC’s holdings in Procter & Gamble were worth $3,882,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Czech National Bank grew its stake in shares of Procter & Gamble by 3.8% during the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after buying an additional 21,825 shares during the period. Vega Investment Solutions raised its position in shares of Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after buying an additional 8,500 shares during the period. Triodos Investment Management BV boosted its holdings in Procter & Gamble by 7.3% in the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after acquiring an additional 17,400 shares during the last quarter. Jump Financial LLC acquired a new position in Procter & Gamble in the second quarter valued at $7,891,000. Finally, SVB Wealth LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $12,725,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research reports. BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Barclays set a $155.00 target price on Procter & Gamble in a report on Friday, January 16th. UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Tuesday, February 17th. Finally, TD Cowen decreased their price objective on shares of Procter & Gamble from $156.00 to $142.00 and set a “hold” rating for the company in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Procter & Gamble Trading Down 0.0%

Shares of PG opened at $143.06 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The stock’s 50-day moving average is $153.57 and its two-hundred day moving average is $149.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The stock has a market cap of $332.46 billion, a PE ratio of 21.19, a P/E/G ratio of 5.04 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.52%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.