The Procter & Gamble Company (NYSE:PG) Stake Cut by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 126,146 shares of the company’s stock after selling 1,535 shares during the period. Procter & Gamble makes up 2.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Procter & Gamble were worth $18,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $33,000. Mendota Financial Group LLC boosted its holdings in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE:PG traded down $1.26 during trading on Friday, reaching $161.29. The stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The business has a fifty day moving average price of $159.64 and a 200-day moving average price of $153.51. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a market cap of $380.67 billion, a P/E ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,865 shares of company stock worth $16,029,280. 0.17% of the stock is owned by company insiders.

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.