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

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,128 shares of the company's stock after selling 2,532 shares during the quarter. Procter & Gamble makes up approximately 2.1% of Folger Nolan Fleming Douglas Capital Management Inc.'s holdings, making the stock its 10th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Procter & Gamble were worth $20,139,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PG. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the second quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth $33,000. Costello Asset Management INC grew its stake in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after purchasing an additional 300 shares during the period. William B. Walkup & Associates Inc. acquired a new position in Procter & Gamble in the second quarter valued at about $58,000. Finally, Mendota Financial Group LLC boosted its holdings in Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock worth $63,000 after buying an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PG shares. UBS Group cut their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Stifel Nicolaus dropped their price target on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Friday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $179.65.

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 transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on 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 approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock worth $13,317,460 over the last ninety days. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.85 during midday trading on Friday, hitting $161.35. The stock had a trading volume of 7,218,206 shares, compared to its average volume of 5,628,331. The company's 50-day moving average price is $169.19 and its 200-day moving average price is $169.42. The company 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. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble's payout ratio is 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.