Financial Counselors Inc. Has $61.88 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Financial Counselors Inc. lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 369,088 shares of the company’s stock after purchasing an additional 4,143 shares during the period. Procter & Gamble accounts for 0.9% of Financial Counselors Inc.’s holdings, 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 also recently modified their holdings of PG. NewSquare Capital LLC lifted its stake in shares of Procter & Gamble by 933.3% in the fourth 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 bought a new stake in shares of Procter & Gamble during the third quarter worth about $33,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $34,000. Atlantic Private Wealth LLC boosted its stake in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in Procter & Gamble during the 4th quarter worth approximately $39,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PG shares. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Piper Sandler cut their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.47.

Procter & Gamble Trading Down 1.7 %

Shares of PG opened at $162.90 on Wednesday. The firm has a market cap of $381.98 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50-day moving average of $168.17 and a 200 day moving average of $169.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Insider Activity 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 shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by company insiders.

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.