Trinity Legacy Partners LLC Increases Position in The Procter & Gamble Company (NYSE:PG)

Trinity Legacy Partners LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 38,297 shares of the company’s stock after buying an additional 1,954 shares during the period. Procter & Gamble accounts for approximately 2.3% of Trinity Legacy Partners LLC’s portfolio, making the stock its 10th biggest holding. Trinity Legacy Partners LLC’s holdings in Procter & Gamble were worth $5,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. CWA Asset Management Group LLC boosted its stake in Procter & Gamble by 29.7% during the fourth quarter. CWA Asset Management Group LLC now owns 19,402 shares of the company’s stock worth $2,941,000 after acquiring an additional 4,438 shares in the last quarter. Radnor Capital Management LLC raised its holdings in Procter & Gamble by 1.7% in the fourth quarter. Radnor Capital Management LLC now owns 30,828 shares of the company’s stock worth $4,693,000 after buying an additional 530 shares during the last quarter. Align Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth about $50,000. Parkside Advisors LLC raised its holdings in Procter & Gamble by 18.2% in the fourth quarter. Parkside Advisors LLC now owns 6,035 shares of the company’s stock worth $915,000 after buying an additional 930 shares during the last quarter. Finally, Nexus Investment Management ULC purchased a new position in Procter & Gamble in the fourth quarter worth about $333,000. Institutional investors own 62.13% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. StockNews.com initiated coverage on shares of Procter & Gamble in a report on Thursday. They set a “hold” rating for the company. Raymond James boosted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. Finally, Citigroup initiated coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

Procter & Gamble Stock Performance

PG opened at $142.93 on Friday. The firm has a market cap of $337.19 billion, a P/E ratio of 25.08, a PEG ratio of 3.90 and a beta of 0.40. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The company has a 50 day simple moving average of $141.73 and a two-hundred day simple moving average of $140.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. Equities analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio is 64.04%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 709 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Susan Street Whaley sold 709 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the sale, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $295,418.34. Following the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is owned by insiders.

Procter & Gamble Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.