Lake Street Private Wealth LLC Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Lake Street Private Wealth LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 28.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,231 shares of the company’s stock after selling 3,995 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Procter & Gamble were worth $1,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Demars Financial Group LLC lifted its position in shares of Procter & Gamble by 4.4% during the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after purchasing an additional 63 shares during the last quarter. Emerald Advisors LLC boosted its position in shares of Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares in the last quarter. O Brien Wealth Partners LLC increased its holdings in shares of Procter & Gamble by 3.3% in the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares during the last quarter. Mechanics Financial Corp raised its position in shares of Procter & Gamble by 0.4% during the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after acquiring an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC lifted its stake in Procter & Gamble by 2.1% during the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after purchasing an additional 66 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on PG shares. Argus raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, BNP Paribas started coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 0.1 %

Procter & Gamble stock opened at $163.76 on Thursday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock’s fifty day moving average is $165.70 and its two-hundred day moving average is $159.15. The firm has a market capitalization of $386.50 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. Analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.69%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 in the last quarter. 0.17% of the stock is currently owned by company insiders.

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.