Financial Strategies Group Inc. Increases Position in The Procter & Gamble Company (NYSE:PG)

Financial Strategies Group Inc. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,748 shares of the company's stock after acquiring an additional 2,574 shares during the quarter. Procter & Gamble accounts for about 1.3% of Financial Strategies Group Inc.'s holdings, making the stock its 26th largest position. Financial Strategies Group Inc.'s holdings in Procter & Gamble were worth $5,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after buying an additional 3,619,466 shares during the period. FMR LLC increased its holdings in Procter & Gamble by 2.7% in the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company's stock worth $4,599,554,000 after acquiring an additional 689,282 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the last quarter. Fisher Asset Management LLC boosted its position in Procter & Gamble by 4.7% during the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company's stock worth $3,183,522,000 after purchasing an additional 830,476 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company's stock worth $2,844,442,000 after purchasing an additional 105,734 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $168.90 on Tuesday. The stock's 50-day moving average is $168.34 and its 200 day moving average is $169.41. The stock has a market cap of $396.05 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the business posted $1.84 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.17%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PG shares. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reissued a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $180.53.

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.

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