Folger Nolan Fleming Douglas Capital Management Inc. Has $20.14 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Folger Nolan Fleming Douglas Capital Management Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 120,128 shares of the company’s stock after selling 2,532 shares during the quarter. Procter & Gamble makes up about 2.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Procter & Gamble were worth $20,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiera Capital Corp increased its stake in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares during the period. Pacer Advisors Inc. increased its stake in shares of Procter & Gamble by 9.3% during the second quarter. Pacer Advisors Inc. now owns 222,592 shares of the company’s stock valued at $36,710,000 after acquiring an additional 18,855 shares during the period. Sei Investments Co. lifted its position in Procter & Gamble by 3.6% in the second quarter. Sei Investments Co. now owns 852,073 shares of the company’s stock worth $140,517,000 after purchasing an additional 29,746 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Procter & Gamble by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 56,081 shares of the company’s stock valued at $9,249,000 after purchasing an additional 764 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. increased its position in shares of Procter & Gamble by 12.3% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 1,808 shares of the company’s stock valued at $309,000 after purchasing an additional 198 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on PG shares. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. UBS Group dropped their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.65.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE:PG opened at $161.35 on Friday. The firm has a fifty day moving average of $169.19 and a two-hundred day moving average of $169.38. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The firm has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Procter & Gamble 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.