Silver Lake Advisory LLC Sells 7,790 Shares of The Procter & Gamble Company (NYSE:PG)

Silver Lake Advisory LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 60.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,019 shares of the company’s stock after selling 7,790 shares during the quarter. Silver Lake Advisory LLC’s holdings in Procter & Gamble were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Financial Group LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at about $589,000. Swedbank AB grew its stake in Procter & Gamble by 0.4% in the 2nd quarter. Swedbank AB now owns 1,447,064 shares of the company’s stock valued at $238,650,000 after buying an additional 6,155 shares during the last quarter. Financial Strategies Group Inc. grew its stake in Procter & Gamble by 16.9% in the 2nd quarter. Financial Strategies Group Inc. now owns 30,573 shares of the company’s stock valued at $5,065,000 after buying an additional 4,419 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Procter & Gamble by 2.9% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 4,392 shares of the company’s stock worth $733,000 after purchasing an additional 122 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. grew its position in shares of Procter & Gamble by 15.8% during the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 9,915 shares of the company’s stock worth $1,635,000 after purchasing an additional 1,356 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.0 %

Shares of PG stock traded down $0.03 during trading hours on Friday, hitting $167.89. 5,574,141 shares of the company’s stock traded hands, compared to its average volume of 6,674,588. The stock’s 50 day simple moving average is $166.99 and its 200 day simple moving average is $163.22. The stock has a market cap of $396.24 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.72. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its 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. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter last year, the firm earned $1.37 earnings per share. Procter & Gamble’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PG. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays decreased their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble 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 completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,313 shares of company stock worth $19,703,643. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble 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.