Lane & Associates LLC Has $2.28 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Lane & Associates LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,712 shares of the company’s stock after selling 387 shares during the period. Procter & Gamble comprises 1.2% of Lane & Associates LLC’s portfolio, making the stock its 23rd largest holding. Lane & Associates LLC’s holdings in Procter & Gamble were worth $2,276,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after purchasing an additional 4,035 shares during the period. Strategic Advisors LLC grew its stake in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after buying an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $668,000. Fortem Financial Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $569,000. Finally, Richard C. Young & CO. LTD. grew its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after buying an additional 2,568 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $167.26 on Friday. The firm has a market capitalization of $392.21 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm’s 50-day moving average is $166.05 and its 200-day moving average is $169.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group decreased their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.