Trifecta Capital Advisors LLC Sells 168 Shares of The Procter & Gamble Company (NYSE:PG)

Trifecta Capital Advisors LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,950 shares of the company’s stock after selling 168 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Procter & Gamble were worth $641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teza Capital Management LLC lifted its position in shares of Procter & Gamble by 212.9% during the third quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock worth $625,000 after purchasing an additional 2,915 shares in the last quarter. Fred Alger Management LLC raised its holdings in Procter & Gamble by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 50,240 shares of the company’s stock worth $7,328,000 after purchasing an additional 167 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in Procter & Gamble during the 3rd quarter valued at about $1,001,000. Gateway Advisory LLC boosted its stake in shares of Procter & Gamble by 33.3% in the 3rd quarter. Gateway Advisory LLC now owns 10,156 shares of the company’s stock valued at $1,481,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its position in shares of Procter & Gamble by 4.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 12,524 shares of the company’s stock worth $1,827,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Argus boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Insiders Place Their Bets

In related news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,605,961.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $1.70 on Friday, reaching $164.92. 9,253,317 shares of the company’s stock were exchanged, compared to its average volume of 6,088,934. The company has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.38 and a beta of 0.42. The company has a fifty day moving average of $165.60 and a 200-day moving average of $158.73. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.