The Procter & Gamble Company (NYSE:PG) Shares Sold by SOL Capital Management CO

SOL Capital Management CO reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,758 shares of the company's stock after selling 2,015 shares during the quarter. SOL Capital Management CO's holdings in Procter & Gamble were worth $2,307,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PG. Acorn Creek Capital LLC boosted its stake in shares of Procter & Gamble by 2.8% during the third quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company's stock valued at $376,000 after acquiring an additional 59 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its position in shares of Procter & Gamble by 1.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company's stock valued at $963,000 after purchasing an additional 59 shares in the last quarter. Traveka Wealth LLC grew its stake in Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company's stock worth $616,000 after purchasing an additional 60 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its stake in Procter & Gamble by 0.7% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company's stock worth $1,507,000 after acquiring an additional 61 shares during the period. Finally, Valued Wealth Advisors LLC grew its position in Procter & Gamble by 11.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company's stock worth $105,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. DA Davidson reissued a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group lowered their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $180.53.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 in the last ninety days. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $2.91 during midday trading on Monday, reaching $168.90. The stock had a trading volume of 8,668,582 shares, compared to its average volume of 7,440,821. The firm's 50-day moving average price is $168.34 and its 200 day moving average price is $169.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. 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 firm has a market capitalization of $396.05 billion, a PE ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 EPS. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble's payout ratio is 64.17%.

Procter & Gamble Company 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.