Procter & Gamble Co (NYSE:PG) Shares Acquired by Trillium Asset Management LLC
Trillium Asset Management LLC boosted its stake in Procter & Gamble Co (NYSE:PG) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,568 shares of the company’s stock after acquiring an additional 7,972 shares during the period. Trillium Asset Management LLC’s holdings in Procter & Gamble were worth $17,772,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. New England Investment & Retirement Group Inc. bought a new position in shares of Procter & Gamble during the first quarter worth about $28,000. Efficient Wealth Management LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at about $39,000. Wealthcare Capital Management LLC lifted its stake in Procter & Gamble by 126.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock valued at $42,000 after buying an additional 189 shares in the last quarter. Pacifica Partners Inc. purchased a new stake in Procter & Gamble during the fourth quarter valued at about $44,000. Finally, Lighthouse Financial Advisors Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $44,000. 64.03% of the stock is currently owned by hedge funds and other institutional investors.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 25,600 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total transaction of $3,059,200.00. Following the sale, the vice president now directly owns 50,598 shares in the company, valued at approximately $6,046,461. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total transaction of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares in the company, valued at $5,369,520. The disclosure for this sale can be found here. In the last three months, insiders sold 8,802,488 shares of company stock valued at $1,048,532,939. Corporate insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. The business had revenue of $17.21 billion during the quarter, compared to the consensus estimate of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts predict that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, April 23rd. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio is currently 69.91%.
Several research firms have recently weighed in on PG. Deutsche Bank increased their price objective on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Bank of America restated a “buy” rating and set a $135.00 target price on shares of Procter & Gamble in a report on Saturday, April 18th. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Royal Bank of Canada restated a “hold” rating and issued a $120.00 target price on shares of Procter & Gamble in a research note on Tuesday, April 14th. Finally, Argus raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, March 26th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.31.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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