TRH Financial LLC Buys 7,504 Shares of The Procter & Gamble Company (NYSE:PG)

TRH Financial LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,846 shares of the company’s stock after purchasing an additional 7,504 shares during the quarter. The Procter & Gamble comprises 7.9% of TRH Financial LLC’s investment portfolio, making the stock its 2nd biggest position. TRH Financial LLC’s holdings in The Procter & Gamble were worth $11,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Morgan Stanley increased its holdings in The Procter & Gamble by 54.8% in the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after buying an additional 7,392,929 shares during the period. GQG Partners LLC acquired a new stake in shares of The Procter & Gamble during the 2nd quarter worth approximately $588,945,000. Two Sigma Advisers LP increased its stake in The Procter & Gamble by 171.9% in the second quarter. Two Sigma Advisers LP now owns 3,722,500 shares of the company’s stock valued at $445,099,000 after acquiring an additional 2,353,200 shares during the last quarter. FMR LLC raised its position in The Procter & Gamble by 8.0% during the second quarter. FMR LLC now owns 23,587,275 shares of the company’s stock valued at $2,820,331,000 after purchasing an additional 1,737,306 shares in the last quarter. Finally, State Street Corp lifted its stake in The Procter & Gamble by 0.9% during the first quarter. State Street Corp now owns 118,284,669 shares of the company’s stock worth $13,011,314,000 after purchasing an additional 1,086,517 shares during the last quarter. 62.81% of the stock is owned by institutional investors and hedge funds.

NYSE PG opened at $144.39 on Friday. The firm has a market capitalization of $359.48 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The business’s 50-day moving average price is $138.93 and its two-hundred day moving average price is $125.52. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $145.87.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. The business had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In other The Procter & Gamble news, VP Valarie L. Sheppard sold 14,800 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now directly owns 39,929 shares of the company’s stock, valued at $5,190,770. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Theresa Grabowski sold 21,431 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.00, for a total value of $2,786,030.00. Following the completion of the transaction, the insider now directly owns 55,013 shares in the company, valued at $7,151,690. The disclosure for this sale can be found here. Insiders have sold 272,757 shares of company stock valued at $36,738,374 in the last three months. 0.70% of the stock is owned by insiders.

PG has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. Berenberg Bank increased their target price on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. SunTrust Banks lifted their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Jefferies Financial Group increased their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Finally, Barclays restated a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Procter & Gamble currently has a consensus rating of “Buy” and an average target price of $137.87.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: What is intrinsic value?

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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