Lion Street Advisors LLC Lowers Position in The Procter & Gamble Company (NYSE:PG)

Lion Street Advisors LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,120 shares of the company’s stock after selling 152 shares during the quarter. Lion Street Advisors LLC’s holdings in Procter & Gamble were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $3,956,117,000. Cerity Partners LLC boosted its stake in Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after buying an additional 3,159,796 shares in the last quarter. TD Asset Management Inc grew its position in Procter & Gamble by 114.9% during the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after acquiring an additional 1,907,716 shares during the last quarter. Swedbank AB purchased a new position in shares of Procter & Gamble during the first quarter worth approximately $233,788,000. Finally, Ilex Capital Partners UK LLP bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $228,212,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Insiders have sold 53,288 shares of company stock valued at $8,895,638 in the last three months. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.2 %

Shares of NYSE PG traded down $0.33 during midday trading on Friday, hitting $170.54. 5,377,378 shares of the company traded hands, compared to its average volume of 7,634,711. 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 12-month low of $141.45 and a 12-month high of $171.72. The stock has a 50-day moving average price of $166.88 and a 200 day moving average price of $162.77. The firm has a market cap of $402.50 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.64 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PG. Citigroup lifted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI boosted their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $173.95.

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.