Trellis Wealth Advisors LLC Reduces Position in The Procter & Gamble Company (NYSE:PG)

Trellis Wealth Advisors LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 6.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,825 shares of the company’s stock after selling 123 shares during the period. Procter & Gamble accounts for about 0.2% of Trellis Wealth Advisors LLC’s portfolio, making the stock its 22nd largest holding. Trellis Wealth Advisors LLC’s holdings in Procter & Gamble were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. HighPoint Advisor Group LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $17,696,000. Dfpg Investments LLC grew its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after acquiring an additional 424 shares in the last quarter. Campbell Wealth Management increased its position in shares of Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after acquiring an additional 231 shares during the period. Herold Advisors Inc. raised its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after acquiring an additional 581 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on PG shares. BNP Paribas began coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Performance

NYSE PG opened at $165.21 on Friday. The firm has a market cap of $389.92 billion, a P/E ratio of 27.00, a P/E/G ratio of 3.13 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The business’s 50-day moving average price is $165.82 and its 200 day moving average price is $159.35. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.