Procter & Gamble Company (The) $PG Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after acquiring an additional 2,741,924 shares in the last quarter. Amundi raised its holdings in Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after purchasing an additional 2,222,560 shares in the last quarter. Lazard Asset Management LLC lifted its position in Procter & Gamble by 66.3% in the second quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock valued at $877,014,000 after purchasing an additional 2,195,560 shares during the period. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after purchasing an additional 1,752,481 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $252,853,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $143.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $153.57 and its 200 day moving average price is $149.70. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $174.80. The stock has a market cap of $332.46 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 5.04 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 62.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PG. UBS Group increased their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. Rothschild & Co Redburn increased their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.06.

Insider Activity

In related news, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock worth $55,462,643 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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.