The Procter & Gamble Company (NYSE:PG) Position Decreased by Patron Partners LLC

Patron Partners LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,936 shares of the company’s stock after selling 1,548 shares during the period. Procter & Gamble makes up approximately 1.7% of Patron Partners LLC’s portfolio, making the stock its 10th largest position. Patron Partners LLC’s holdings in Procter & Gamble were worth $2,958,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Gentry Private Wealth LLC acquired a new stake in Procter & Gamble in the second quarter valued at $423,000. Commonwealth Retirement Investments LLC lifted its stake in shares of Procter & Gamble by 4.6% in the second quarter. Commonwealth Retirement Investments LLC now owns 28,346 shares of the company’s stock valued at $4,675,000 after purchasing an additional 1,247 shares during the period. Sivia Capital Partners LLC boosted its holdings in Procter & Gamble by 16.1% during the second quarter. Sivia Capital Partners LLC now owns 4,803 shares of the company’s stock worth $792,000 after buying an additional 665 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in Procter & Gamble by 2.2% during the second quarter. Lake Street Advisors Group LLC now owns 18,329 shares of the company’s stock worth $3,023,000 after buying an additional 402 shares in the last quarter. Finally, Advisor OS LLC grew its position in Procter & Gamble by 9.2% during the second quarter. Advisor OS LLC now owns 19,721 shares of the company’s stock worth $3,252,000 after buying an additional 1,664 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PG shares. Royal Bank of Canada boosted their price target on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus boosted 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, TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. 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 stock has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,458,045.80. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $175.59 on Friday. The stock has a fifty day moving average price of $168.26 and a 200 day moving average price of $164.65. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $177.04. The firm has a market capitalization of $414.42 billion, a P/E ratio of 28.69, a PEG ratio of 3.72 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble’s payout ratio is 65.85%.

Procter & Gamble 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.