Lake Street Advisors Group LLC Acquires 402 Shares of The Procter & Gamble Company (NYSE:PG)

Lake Street Advisors Group LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 2.2% during the second quarter, HoldingsChannel.com reports. The fund owned 18,329 shares of the company’s stock after purchasing an additional 402 shares during the period. Lake Street Advisors Group LLC’s holdings in Procter & Gamble were worth $3,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Ruedi Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble in the second quarter worth approximately $34,000. Vima LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth approximately $35,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the first quarter worth approximately $42,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares in the company, valued at $45,002,649.58. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 in the last ninety days. 0.17% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.1 %

Procter & Gamble stock opened at $175.59 on Friday. The stock has a market cap of $414.42 billion, a P/E ratio of 28.69, a PEG ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.04. The firm’s fifty day moving average price is $168.26 and its 200-day moving average price is $164.65.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analysts Set New Price Targets

A number of research firms recently commented on PG. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, August 29th. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. TD Cowen began coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Procter & Gamble Company Profile

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.