TrinityPoint Wealth LLC Purchases 218 Shares of The Procter & Gamble Company (NYSE:PG)

TrinityPoint Wealth LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,669 shares of the company’s stock after buying an additional 218 shares during the period. TrinityPoint Wealth LLC’s holdings in Procter & Gamble were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the second quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at about $29,000. POM Investment Strategies LLC purchased a new position in shares of Procter & Gamble in the second quarter worth $34,000. Quest Partners LLC purchased a new position in Procter & Gamble in the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Procter & Gamble in the second quarter worth about $44,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.5 %

NYSE PG opened at $169.54 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a market cap of $399.27 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42. The firm has a 50 day simple moving average of $170.32 and a 200-day simple moving average of $168.40. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the company posted $1.83 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,597 shares of company stock valued at $53,268,499 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several analyst reports. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Cowen assumed coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Stifel Nicolaus increased their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.