Trellis Advisors LLC bought a new position in Procter & Gamble Co (NYSE:PG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,115 shares of the company’s stock, valued at approximately $287,000. Procter & Gamble comprises about 0.3% of Trellis Advisors LLC’s investment portfolio, making the stock its 29th biggest holding.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. lifted its holdings in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares during the last quarter. Truepoint Inc. lifted its holdings in shares of Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares during the last quarter. 60.98% of the stock is currently owned by institutional investors.
PG has been the topic of several research reports. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price on the stock. Morgan Stanley upped their target price on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. JPMorgan Chase upped their target price on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.07.
PG traded down $0.37 during trading on Friday, reaching $78.43. The company’s stock had a trading volume of 8,300,813 shares, compared to its average volume of 9,745,332. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a 1 year low of $75.81 and a 1 year high of $94.67. The firm has a market capitalization of $198,655.11, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. equities analysts anticipate that Procter & Gamble Co will post 4.18 earnings per share for the current fiscal year.
In related news, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Insiders have sold a total of 114,011 shares of company stock valued at $9,710,976 in the last 90 days. Insiders own 0.35% of the company’s stock.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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