Folger Nolan Fleming Douglas Capital Management Inc. Has $18.49 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

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

Several other large investors also recently added to or reduced their stakes in PG. KFG Wealth Management LLC boosted its stake in Procter & Gamble by 7.9% during the third quarter. KFG Wealth Management LLC now owns 6,791 shares of the company’s stock valued at $991,000 after buying an additional 499 shares during the period. Planning Alternatives Ltd. ADV lifted its stake in Procter & Gamble by 9.0% during the third quarter. Planning Alternatives Ltd. ADV now owns 2,182 shares of the company’s stock worth $318,000 after purchasing an additional 180 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Procter & Gamble by 20.7% during the third quarter. Exchange Traded Concepts LLC now owns 62,593 shares of the company’s stock worth $9,130,000 after purchasing an additional 10,719 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Procter & Gamble by 0.4% during the third quarter. Boston Trust Walden Corp now owns 241,556 shares of the company’s stock worth $35,233,000 after purchasing an additional 929 shares during the last quarter. Finally, Strategic Blueprint LLC lifted its stake in Procter & Gamble by 1.3% during the third quarter. Strategic Blueprint LLC now owns 56,289 shares of the company’s stock worth $8,210,000 after purchasing an additional 742 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.8 %

Shares of PG traded down $1.26 during mid-day trading on Friday, reaching $161.29. The company had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm has a 50-day moving average price of $159.64 and a 200 day moving average price of $153.51. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $164.32. The company has a market capitalization of $380.67 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on PG shares. Stifel Nicolaus lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Raymond James lifted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $151,788. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,865 shares of company stock valued at $16,029,280. 0.17% of the stock is owned by corporate 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.