The Procter & Gamble Company (NYSE:PG) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC trimmed its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,089 shares of the company's stock after selling 5,011 shares during the quarter. Procter & Gamble makes up approximately 1.0% of Truvestments Capital LLC's holdings, making the stock its 14th largest position. Truvestments Capital LLC's holdings in Procter & Gamble were worth $4,039,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PG. NewSquare Capital LLC boosted its position in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new position in Procter & Gamble in the 4th quarter worth approximately $39,000. Bay Harbor Wealth Management LLC increased its position in Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after buying an additional 243 shares during the period. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $46,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective 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 reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $181.47.

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Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $173.07 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $167.14 and its 200-day moving average price is $169.84. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a market cap of $405.83 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. On average, 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Profile

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.

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