Lakeshore Capital Group Inc. Invests $1.46 Million in The Procter & Gamble Company (NYSE:PG)

Lakeshore Capital Group Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,725 shares of the company’s stock, valued at approximately $1,463,000. Procter & Gamble comprises 2.2% of Lakeshore Capital Group Inc.’s investment portfolio, making the stock its 12th largest position.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock worth $38,524,976,000 after acquiring an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC grew its holdings in Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after acquiring an additional 1,267,419 shares in the last quarter. Norges Bank bought a new position in Procter & Gamble during the 4th quarter worth about $5,244,463,000. Northern Trust Corp grew its holdings in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PG shares. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Truist Financial lowered their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.52.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $165.95 on Monday. The firm has a market capitalization of $389.07 billion, a P/E ratio of 26.43, a PEG ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $164.19 and a 200 day moving average price of $167.36. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the firm posted $1.52 EPS. Procter & Gamble’s revenue was down 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. Procter & Gamble’s dividend payout ratio (DPR) is currently 66.98%.

About Procter & Gamble

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.