Logan Capital Management Inc. Sells 1,744 Shares of The Procter & Gamble Company (NYSE:PG)

Logan Capital Management Inc. cut its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 113,981 shares of the company's stock after selling 1,744 shares during the period. Logan Capital Management Inc.'s holdings in Procter & Gamble were worth $19,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after purchasing an additional 139 shares during the period. Czech National Bank boosted its holdings in shares of Procter & Gamble by 6.5% in the fourth quarter. Czech National Bank now owns 510,620 shares of the company's stock worth $85,605,000 after buying an additional 31,075 shares during the last quarter. Aprio Wealth Management LLC grew its position in Procter & Gamble by 13.3% during the fourth quarter. Aprio Wealth Management LLC now owns 9,509 shares of the company's stock valued at $1,594,000 after buying an additional 1,119 shares during the period. Clark & Stuart Inc purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $1,398,000. Finally, Fiduciary Alliance LLC raised its position in Procter & Gamble by 169.1% in the fourth quarter. Fiduciary Alliance LLC now owns 12,845 shares of the company's stock worth $2,153,000 after acquiring an additional 8,072 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $4.25 during midday trading on Thursday, reaching $162.27. 8,721,407 shares of the stock traded hands, compared to its average volume of 7,225,013. The company's 50 day moving average is $164.97 and its 200 day moving average is $167.37. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $380.45 billion, a PE ratio of 25.84, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business earned $1.52 earnings per share. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, April 21st. Procter & Gamble's payout ratio is presently 66.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock worth $10,999,268 over the last ninety days. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $178.52.

About Procter & Gamble

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.