TCV Trust & Wealth Management Inc. Has $16.15 Million Position in Procter & Gamble Company (The) (NYSE:PG)

TCV Trust & Wealth Management Inc. trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 0.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 94,749 shares of the company’s stock after selling 321 shares during the period. Procter & Gamble makes up 1.5% of TCV Trust & Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. TCV Trust & Wealth Management Inc.’s holdings in Procter & Gamble were worth $16,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares during the period. Whipplewood Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $147,000. Verus Capital Partners LLC increased its holdings in Procter & Gamble by 4.4% in the 4th quarter. Verus Capital Partners LLC now owns 8,202 shares of the company’s stock valued at $1,375,000 after buying an additional 343 shares during the period. Finally, Shoker Investment Counsel Inc. raised its position in shares of Procter & Gamble by 22.8% in the 4th quarter. Shoker Investment Counsel Inc. now owns 107,186 shares of the company’s stock valued at $17,970,000 after buying an additional 19,873 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $160.00 on Friday. The company has a market capitalization of $375.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.68 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The stock has a fifty day simple moving average of $162.44 and a 200 day simple moving average of $165.66.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.64%. Procter & Gamble’s dividend payout ratio is 67.14%.

Analyst Ratings Changes

Several research firms recently issued reports on PG. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Evercore ISI restated an “outperform” rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.45.

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.