Silver Lake Advisory LLC Buys 181 Shares of The Procter & Gamble Company (NYSE:PG)

Silver Lake Advisory LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,990 shares of the company’s stock after acquiring an additional 181 shares during the quarter. Silver Lake Advisory LLC’s holdings in Procter & Gamble were worth $2,142,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC bought a new stake in Procter & Gamble during the second quarter valued at $4,466,000. Doheny Asset Management CA bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $905,000. Buck Wealth Strategies LLC bought a new stake in Procter & Gamble in the second quarter worth approximately $6,891,000. Kathmere Capital Management LLC lifted its stake in Procter & Gamble by 14.8% in the second quarter. Kathmere Capital Management LLC now owns 15,287 shares of the company’s stock valued at $2,521,000 after buying an additional 1,967 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Procter & Gamble by 5.1% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,023 shares of the company’s stock worth $993,000 after buying an additional 290 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly 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 quarter, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $173.55 on Friday. The business’s fifty day simple moving average is $170.79 and its 200 day simple moving average is $166.17. 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 12 month low of $141.45 and a 12 month high of $177.94. The firm has a market capitalization of $409.60 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company 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 firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. As a group, analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Evercore ISI increased their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Thursday, August 29th. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Barclays decreased their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.89.

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.