SOL Capital Management CO Has $2.34 Million Stake in The Procter & Gamble Company (NYSE:PG)

SOL Capital Management CO boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,973 shares of the company’s stock after buying an additional 100 shares during the period. SOL Capital Management CO’s holdings in Procter & Gamble were worth $2,341,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Emerald Advisors LLC lifted its position in shares of Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after buying an additional 65 shares in the last quarter. O Brien Wealth Partners LLC lifted its position in shares of Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after buying an additional 65 shares in the last quarter. Proquility Private Wealth Partners LLC lifted its position in shares of Procter & Gamble by 1.1% during the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after buying an additional 66 shares in the last quarter. KFA Private Wealth Group LLC lifted its position in shares of Procter & Gamble by 2.2% during the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after buying an additional 67 shares in the last quarter. Finally, Chemistry Wealth Management LLC lifted its position in shares of Procter & Gamble by 1.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after buying an additional 67 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. UBS Group lifted their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $168.35.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of PG stock opened at $156.70 on Wednesday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The stock has a market capitalization of $368.72 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 3.19 and a beta of 0.44. The stock has a fifty day simple moving average of $159.44 and a two-hundred day simple moving average of $152.48. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.57%. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

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.