Armstrong Fleming & Moore Inc Sells 141 Shares of The Procter & Gamble Company (NYSE:PG)

Armstrong Fleming & Moore Inc lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,888 shares of the company’s stock after selling 141 shares during the period. Procter & Gamble comprises approximately 1.2% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 16th biggest position. Armstrong Fleming & Moore Inc’s holdings in Procter & Gamble were worth $1,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service increased its position in Procter & Gamble by 5.3% in the fourth quarter. National Pension Service now owns 4,533,281 shares of the company’s stock worth $760,005,000 after buying an additional 228,204 shares in the last quarter. DMKC Advisory Services LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $1,894,000. Weil Company Inc. raised its stake in Procter & Gamble by 1.9% during the 4th quarter. Weil Company Inc. now owns 5,322 shares of the company’s stock worth $892,000 after acquiring an additional 97 shares during the period. Advisor OS LLC lifted its holdings in Procter & Gamble by 5.6% during the fourth quarter. Advisor OS LLC now owns 23,050 shares of the company’s stock valued at $3,864,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of Procter & Gamble by 2.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 18,940 shares of the company’s stock worth $3,175,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PG shares. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $180.42.

Procter & Gamble Stock Performance

NYSE PG opened at $172.70 on Wednesday. The company has a market cap of $404.95 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 0.45. The business’s 50 day moving average price is $166.07 and its 200-day moving average price is $169.46. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its 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 for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. Procter & Gamble’s payout ratio is 64.01%.

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.