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

Financial Counselors Inc. increased its stake in The Procter & Gamble Company (NYSE:PG) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,088 shares of the company’s stock after buying an additional 4,143 shares during the quarter. Procter & Gamble makes up 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lakeridge Wealth Management LLC grew its position in shares of Procter & Gamble by 0.6% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC grew its holdings in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after purchasing an additional 62 shares during the period. Tevis Investment Management increased its position in Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after buying an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after buying an additional 66 shares during the period. Finally, Alhambra Investment Management LLC lifted its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock valued at $970,000 after buying an additional 66 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the 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 transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble 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 sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 1.7 %

Shares of PG stock opened at $162.90 on Wednesday. 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. The stock has a market cap of $381.98 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41. The stock has a 50-day moving average of $168.17 and a 200-day moving average of $169.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $1.84 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on PG. DA Davidson restated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays upped their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

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.