Armstrong Fleming & Moore Inc Has $1.83 Million Stake in The Procter & Gamble Company (NYSE:PG)

Armstrong Fleming & Moore Inc decreased its position in The Procter & Gamble Company (NYSE:PG) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,466 shares of the company’s stock after selling 535 shares during the quarter. Procter & Gamble comprises approximately 1.4% of Armstrong Fleming & Moore Inc’s investment portfolio, making the stock its 14th biggest position. Armstrong Fleming & Moore Inc’s holdings in Procter & Gamble were worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Demars Financial Group LLC grew its holdings in Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares during the period. Emerald Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares during the period. O Brien Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after acquiring an additional 65 shares during the period. LWM Advisory Services LLC boosted its holdings in shares of Procter & Gamble by 2.1% in the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after acquiring an additional 66 shares during the period. Finally, KFA Private Wealth Group LLC boosted its holdings in shares of Procter & Gamble by 2.2% in the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred 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 $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 86,865 shares of company stock worth $14,059,180 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PG shares. Wells Fargo & Company raised their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Jefferies Financial Group increased their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada increased their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE PG traded up $0.20 during midday trading on Wednesday, reaching $163.40. 7,542,542 shares of the company’s stock traded hands, compared to its average volume of 6,949,875. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $159.82 and its 200-day simple moving average is $153.91. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32. The company has a market cap of $385.65 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 3.28 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.