The Procter & Gamble Company (NYSE:PG) is Ferguson Wellman Capital Management Inc.’s 6th Largest Position

Ferguson Wellman Capital Management Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 0.4% during the third quarter, HoldingsChannel reports. The fund owned 844,924 shares of the company’s stock after selling 3,445 shares during the quarter. Procter & Gamble comprises about 2.8% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 6th largest position. Ferguson Wellman Capital Management Inc.’s holdings in Procter & Gamble were worth $146,341,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PG. Metis Global Partners LLC raised its stake in shares of Procter & Gamble by 1.0% in the third quarter. Metis Global Partners LLC now owns 113,527 shares of the company’s stock valued at $19,663,000 after acquiring an additional 1,075 shares in the last quarter. Curi RMB Capital LLC grew its position in shares of Procter & Gamble by 20.3% in the third quarter. Curi RMB Capital LLC now owns 21,655 shares of the company’s stock valued at $3,751,000 after purchasing an additional 3,652 shares during the last quarter. Planning Capital Management Corp lifted its stake in shares of Procter & Gamble by 9.8% during the third quarter. Planning Capital Management Corp now owns 27,296 shares of the company’s stock valued at $4,728,000 after buying an additional 2,425 shares during the period. Zions Bancorporation N.A. increased its position in Procter & Gamble by 8.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 4,971 shares of the company’s stock worth $861,000 after purchasing an additional 399 shares in the last quarter. Finally, KBC Group NV increased its stake in Procter & Gamble by 2.8% during the 3rd quarter. KBC Group NV now owns 2,664,452 shares of the company’s stock worth $461,483,000 after buying an additional 73,354 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research analyst reports. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jon R. Moeller sold 31,797 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 313,597 shares of company stock valued at $53,268,499. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.59 during midday trading on Thursday, hitting $167.17. The company had a trading volume of 64,310 shares, compared to its average volume of 6,628,704. The stock has a market cap of $393.69 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.59 and a beta of 0.42. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company’s 50 day simple moving average is $170.61 and its 200 day simple moving average is $168.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.41%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.