Clear Trail Advisors LLC Makes New $1.74 Million Investment in Procter & Gamble Company (The) $PG

Clear Trail Advisors LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,172 shares of the company’s stock, valued at approximately $1,744,000.

A number of other hedge funds have also modified their holdings of PG. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $25,000. Saranac Partners Ltd bought a new stake in Procter & Gamble during the 3rd quarter worth about $30,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $34,000. Finally, Marquette Asset Management LLC bought a new stake in Procter & Gamble during the 3rd quarter worth about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG stock opened at $143.97 on Tuesday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company’s fifty day simple moving average is $154.08 and its 200-day simple moving average is $150.53. The firm has a market cap of $334.58 billion, a PE ratio of 21.33, a P/E/G ratio of 4.82 and a beta of 0.37. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period in the previous year, the business earned $1.88 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.

Insider Buying and Selling at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. The trade was a 84.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 in the last ninety days. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PG shares. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and raised their price target for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. BNP Paribas Exane lowered their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Tuesday, February 17th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.