Trillium Asset Management LLC Decreases Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Trillium Asset Management LLC lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 133,344 shares of the company’s stock after selling 4,991 shares during the quarter. Trillium Asset Management LLC’s holdings in Procter & Gamble were worth $22,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. increased its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.0%

PG stock opened at $155.03 on Tuesday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market capitalization of $363.13 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 4.05 and a beta of 0.37. The business has a 50 day simple moving average of $158.01 and a two-hundred day simple moving average of $163.60.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 64.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Evercore ISI reissued an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.88.

About Procter & Gamble

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.