Lorne Steinberg Wealth Management Inc. Sells 150 Shares of The Procter & Gamble Company (NYSE:PG)

Lorne Steinberg Wealth Management Inc. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,174 shares of the company’s stock after selling 150 shares during the period. Lorne Steinberg Wealth Management Inc.’s holdings in Procter & Gamble were worth $465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Register Financial Advisors LLC raised its position in Procter & Gamble by 1.3% in the third quarter. Register Financial Advisors LLC now owns 7,585 shares of the company’s stock worth $1,106,000 after acquiring an additional 101 shares during the period. Landmark Wealth Management LLC bought a new position in Procter & Gamble in the 3rd quarter worth $253,000. Key Bridge Compliance LLC purchased a new position in Procter & Gamble during the third quarter valued at $1,198,000. Sunflower Bank N.A. grew its holdings in Procter & Gamble by 0.3% during the third quarter. Sunflower Bank N.A. now owns 111,121 shares of the company’s stock valued at $16,208,000 after purchasing an additional 288 shares during the period. Finally, Hengehold Capital Management LLC increased its position in Procter & Gamble by 1.6% in the third quarter. Hengehold Capital Management LLC now owns 370,042 shares of the company’s stock worth $53,974,000 after buying an additional 5,718 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of PG traded up $0.81 during midday trading on Tuesday, reaching $161.35. 4,151,375 shares of the stock were exchanged, compared to its average volume of 6,921,099. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $379.66 billion, a P/E ratio of 26.40, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14. The company’s 50 day moving average is $159.21 and its two-hundred day moving average is $153.13.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the business posted $1.37 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.53 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Insiders sold a total of 279,918 shares of company stock worth $43,323,263 over the last three months. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PG shares. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Jefferies Financial Group boosted their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $168.88.

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.