Trinity Legacy Partners LLC Lowers Position in The Procter & Gamble Company (NYSE:PG)

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Trinity Legacy Partners LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,344 shares of the company’s stock after selling 168 shares during the period. The Procter & Gamble accounts for approximately 2.3% of Trinity Legacy Partners LLC’s portfolio, making the stock its 13th largest position. Trinity Legacy Partners LLC’s holdings in The Procter & Gamble were worth $4,664,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PG. Costello Asset Management INC purchased a new position in shares of The Procter & Gamble during the second quarter valued at approximately $35,000. FAI Wealth Management lifted its holdings in shares of The Procter & Gamble by 203.0% during the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the last quarter. Estate Counselors LLC purchased a new position in shares of The Procter & Gamble during the second quarter valued at approximately $47,000. Barnett & Company Inc. lifted its holdings in shares of The Procter & Gamble by 23.4% during the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares during the last quarter. Finally, Lountzis Asset Management LLC purchased a new position in shares of The Procter & Gamble during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 62.81% of the company’s stock.

In other news, VP Valarie L. Sheppard sold 14,800 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the completion of the sale, the vice president now owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 2,922 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,757 shares of company stock valued at $36,738,374. Insiders own 0.70% of the company’s stock.

NYSE:PG traded up $0.56 during trading hours on Friday, reaching $144.39. The company had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $145.87. The firm has a market cap of $359.48 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The firm’s 50 day moving average price is $138.93 and its 200-day moving average price is $125.52.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s payout ratio is 61.72%.

PG has been the subject of several analyst reports. Berenberg Bank raised their price target on shares of The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley raised their price target on shares of The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Jefferies Financial Group raised their price target on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, October 12th. SunTrust Banks raised their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $137.87.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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