The Procter & Gamble Company (The) (PG) Position Increased by Lakeview Capital Partners LLC, Report finds

The Procter & Gamble Company (The) (PG) Position Increased by Lakeview Capital Partners LLC, Report finds

Other large investors also recently modified their holdings of the company. American National Bank increased its stake in shares of Procter & Gamble Company (The) by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock worth $102,000 after buying an additional 788 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Procter & Gamble Company (The) by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock worth $128,000 after buying an additional 1,095 shares in the last quarter. Rothschild Capital Partners LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth $201,000. Millie Capital Management LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth $202,000. Finally, Diker Management LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth $205,000. Institutional investors and hedge funds own 68.43% of the company’s stock.

Lakeview Capital Partners LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,237 shares of the company’s stock after buying an additional 292 shares during the period. Lakeview Capital Partners LLC’s holdings in Procter & Gamble Company (The) were worth $829,000 as of its most recent filing with the SEC.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.38% during midday trading on Thursday, hitting $88.67. 9,914,070 shares of the company traded hands. The stock has a market capitalization of $226.68 billion, a P/E ratio of 16.25 and a beta of 0.64. Procter & Gamble Company has a 12-month low of $79.10 and a 12-month high of $90.33. The stock’s 50-day moving average is $85.81 and its 200 day moving average is $86.11.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Friday, January 20th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The business earned $16.90 billion during the quarter. Procter & Gamble Company (The) had a net margin of 23.44% and a return on equity of 18.58%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. On average, analysts expect that Procter & Gamble Company will post $3.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th will be given a $0.6695 dividend. This represents a $2.68 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, January 18th. Procter & Gamble Company (The)’s payout ratio is presently 48.73%.

A number of brokerages recently weighed in on PG. B. Riley reaffirmed a “buy” rating and set a $106.00 price objective on shares of Procter & Gamble Company (The) in a research report on Saturday, January 28th. Citigroup Inc boosted their price objective on shares of Procter & Gamble Company (The) from $100.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, January 24th. Deutsche Bank AG downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and lowered their price objective for the company from $95.00 to $90.00 in a research report on Tuesday, December 13th. Jefferies Group LLC set a $99.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “buy” rating in a research report on Monday, January 23rd. Finally, SunTrust Banks, Inc. cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and decreased their target price for the stock from $95.00 to $85.00 in a research report on Thursday, December 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.02.

In other Procter & Gamble Company (The) news, insider Marc S. Pritchard sold 47,252 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $87.14, for a total value of $4,117,539.28. Following the completion of the sale, the insider now owns 151,643 shares in the company, valued at approximately $13,214,171.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey K. Schomburger sold 36,227 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $87.50, for a total transaction of $3,169,862.50. The disclosure for this sale can be found here. Insiders sold a total of 157,505 shares of company stock valued at $13,744,916 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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