Trillium Asset Management LLC Sells 4,991 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Trillium Asset Management LLC reduced its stake in Procter & Gamble by 3.6%, selling nearly 5,000 shares, and now holds 133,344 shares valued at approximately $22.7 million.
• Procter & Gamble reported a stronger-than-expected quarterly earnings per share of $1.48, exceeding analyst estimates and showing a year-over-year revenue increase of 1.7% to $20.89 billion.
• The company announced a quarterly dividend of $1.0568, expected to yield 2.7%, with a payout ratio of 64.98%, to be distributed on August 15th to shareholders of record by July 18th.

Trillium Asset Management LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,344 shares of the company's stock after selling 4,991 shares during the period. Trillium Asset Management LLC's holdings in Procter & Gamble were worth $22,725,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $31,000. 10Elms LLP bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings 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 buying an additional 170 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG 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 stock has a 50-day moving average price of $158.01 and a 200-day moving average price of $163.60. 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 firm has a market cap of $363.13 billion, a PE ratio of 23.81, a P/E/G ratio of 4.05 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. Procter & Gamble's revenue was up 1.7% on a year-over-year basis. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup dropped their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Company 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.

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