Tritonpoint Wealth LLC Has $5.39 Million Position in The Procter & Gamble Company (NYSE:PG)

Tritonpoint Wealth LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,149 shares of the company’s stock after selling 1,434 shares during the period. Tritonpoint Wealth LLC’s holdings in Procter & Gamble were worth $5,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB grew its holdings in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after buying an additional 1,466,115 shares during the last quarter. Czech National Bank lifted its holdings in shares of Procter & Gamble by 6.6% during the third quarter. Czech National Bank now owns 479,545 shares of the company’s stock worth $83,057,000 after buying an additional 29,799 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Procter & Gamble by 32.3% in the third quarter. GAMMA Investing LLC now owns 35,455 shares of the company’s stock valued at $6,141,000 after acquiring an additional 8,652 shares during the period. WealthBridge Capital Management LLC grew its stake in shares of Procter & Gamble by 5.5% in the third quarter. WealthBridge Capital Management LLC now owns 8,821 shares of the company’s stock worth $1,528,000 after acquiring an additional 460 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in Procter & Gamble by 0.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 54,693 shares of the company’s stock worth $9,473,000 after acquiring an additional 492 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PG. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 over the last three months. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.9 %

NYSE PG opened at $165.98 on Monday. The stock’s 50 day simple moving average is $168.34 and its 200 day simple moving average is $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $389.20 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s payout ratio is 64.17%.

About Procter & Gamble

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