The Procter & Gamble Company (NYSE:PG) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 369,088 shares of the company's stock after buying an additional 4,143 shares during the quarter. Procter & Gamble makes up approximately 0.9% of Financial Counselors Inc.'s portfolio, making the stock its 25th biggest position. Financial Counselors Inc.'s holdings in Procter & Gamble were worth $61,878,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the third quarter valued at $33,000. LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the fourth quarter valued at $34,000. Atlantic Private Wealth LLC grew its holdings in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $39,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG traded down $0.58 on Friday, reaching $168.13. The stock had a trading volume of 3,006,678 shares, compared to its average volume of 7,697,393. The firm has a market capitalization of $394.23 billion, a PE ratio of 26.76, a PEG ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The firm has a 50-day moving average of $168.47 and a 200 day moving average of $169.46.

Remove Ads

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.01%.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PG. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. DA Davidson restated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.82.

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.