Triodos Investment Management BV Reduces Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Triodos Investment Management BV trimmed its position in The Procter & Gamble Company (NYSE:PG) by 0.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 276,995 shares of the company’s stock after selling 2,500 shares during the period. Procter & Gamble comprises 4.0% of Triodos Investment Management BV’s investment portfolio, making the stock its 7th biggest position. Triodos Investment Management BV’s holdings in Procter & Gamble were worth $45,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in shares of Procter & Gamble by 0.6% in the second quarter. D.A. Davidson & CO. now owns 186,095 shares of the company’s stock valued at $30,690,000 after acquiring an additional 1,067 shares in the last quarter. Telos Capital Management Inc. grew its stake in Procter & Gamble by 2.3% in the 2nd quarter. Telos Capital Management Inc. now owns 114,690 shares of the company’s stock valued at $18,915,000 after purchasing an additional 2,579 shares during the period. Fielder Capital Group LLC increased its position in shares of Procter & Gamble by 7.5% during the 2nd quarter. Fielder Capital Group LLC now owns 2,499 shares of the company’s stock valued at $412,000 after purchasing an additional 175 shares during the last quarter. Consolidated Portfolio Review Corp raised its stake in shares of Procter & Gamble by 143.7% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 12,417 shares of the company’s stock worth $2,048,000 after purchasing an additional 7,321 shares during the period. Finally, Drive Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 2.9% in the 2nd quarter. Drive Wealth Management LLC now owns 7,840 shares of the company’s stock worth $1,293,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Evercore ISI lifted their price target on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Finally, Citigroup upped their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $175.79.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock worth $63,829,141 over the last three months. 0.17% of the stock is owned by insiders.

Procter & Gamble Price Performance

NYSE:PG traded up $1.51 during trading hours on Friday, hitting $171.54. The stock had a trading volume of 7,301,617 shares, compared to its average volume of 6,188,285. The firm has a market capitalization of $404.86 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.89. The company has a 50 day simple moving average of $167.48 and a two-hundred day simple moving average of $164.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. Research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 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.