Trexquant Investment LP Trims Holdings in The Procter & Gamble Company (NYSE:PG)

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Trexquant Investment LP trimmed its position in The Procter & Gamble Company (NYSE:PG) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,416 shares of the company’s stock after selling 6,254 shares during the period. Trexquant Investment LP’s holdings in The Procter & Gamble were worth $6,034,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. North Point Portfolio Managers Corp OH lifted its stake in shares of The Procter & Gamble by 4.0% during the 3rd quarter. North Point Portfolio Managers Corp OH now owns 1,833 shares of the company’s stock valued at $255,000 after buying an additional 71 shares in the last quarter. KFA Private Wealth Group LLC increased its holdings in shares of The Procter & Gamble by 4.2% in the 3rd quarter. KFA Private Wealth Group LLC now owns 1,778 shares of the company’s stock worth $247,000 after buying an additional 72 shares during the last quarter. Eukles Asset Management grew its holdings in The Procter & Gamble by 6.3% during the 3rd quarter. Eukles Asset Management now owns 1,264 shares of the company’s stock valued at $176,000 after purchasing an additional 75 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in The Procter & Gamble by 0.5% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 16,466 shares of the company’s stock valued at $2,289,000 after purchasing an additional 76 shares during the last quarter. Finally, Capital Planning Advisors LLC boosted its position in The Procter & Gamble by 2.7% in the 2nd quarter. Capital Planning Advisors LLC now owns 2,973 shares of the company’s stock valued at $355,000 after buying an additional 77 shares during the period. Institutional investors own 62.81% of the company’s stock.

Shares of The Procter & Gamble stock opened at $144.28 on Monday. 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 $146.92. The firm has a market capitalization of $357.76 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.53 and a beta of 0.43. The firm’s 50 day simple moving average is $140.78 and its two-hundred day simple moving average is $129.00.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.21. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The Procter & Gamble’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 5.45 EPS for the current fiscal year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s payout ratio is currently 61.72%.

PG has been the subject of several research reports. Royal Bank of Canada reissued a “neutral” rating and issued a $128.00 price objective on shares of The Procter & Gamble in a research report on Tuesday, October 20th. Jefferies Financial Group boosted 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 report on Monday, October 12th. Truist boosted their price objective on shares of The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. SunTrust Banks boosted their price objective on shares of The Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Finally, Smith Barney Citigroup boosted their price objective on shares of The Procter & Gamble from $159.00 to $165.00 in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $144.50.

In other The Procter & Gamble news, CEO R. Alexandra Keith sold 99,243 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $143.80, for a total value of $14,271,143.40. Following the sale, the chief executive officer now directly owns 72,960 shares in the company, valued at $10,491,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 2,922 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total value of $398,940.66. The disclosure for this sale can be found here. Insiders have sold 494,213 shares of company stock valued at $69,461,646 in the last three months. Corporate insiders own 0.70% of the company’s stock.

About The Procter & Gamble

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.

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

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