Taylor Frigon Capital Management LLC Sells 217 Shares of The Procter & Gamble Company (NYSE:PG)

Taylor Frigon Capital Management LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,245 shares of the company’s stock after selling 217 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Procter & Gamble were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of PG. EWG Elevate Inc. bought a new stake in Procter & Gamble in the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $30,000. Luken Investment Analytics LLC purchased a new position in Procter & Gamble in the fourth quarter valued at approximately $37,000. Bourgeon Capital Management LLC increased its position in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the last quarter. Finally, Paragon Wealth Strategies LLC raised its stake in shares of Procter & Gamble by 487.2% in the fourth quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company’s stock valued at $42,000 after buying an additional 229 shares during the period. 62.13% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.04 during trading on Friday, hitting $142.93. The company had a trading volume of 16,018,761 shares, compared to its average volume of 6,144,104. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The stock has a market capitalization of $337.19 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 3.99 and a beta of 0.40. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $141.73 and its two-hundred day moving average is $140.64.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were given a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Citigroup initiated coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $157.00 to $163.00 in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price target on Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Finally, Stifel Nicolaus boosted their price objective on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $155.67.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $295,418.34. Following the transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now directly owns 35,142 shares in the company, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,766 shares of company stock valued at $656,511. Corporate insiders own 0.26% of the company’s stock.

About Procter & Gamble

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.