Koshinski Asset Management Inc. Raises Stake in The Procter & Gamble Company (NYSE:PG)

Koshinski Asset Management Inc. increased its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 1.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 36,040 shares of the company’s stock after buying an additional 661 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Procter & Gamble were worth $5,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Insight Folios Inc boosted its holdings in shares of Procter & Gamble by 2.6% in the 2nd quarter. Insight Folios Inc now owns 5,313 shares of the company’s stock worth $764,000 after buying an additional 134 shares during the last quarter. Dock Street Asset Management Inc. lifted its holdings in Procter & Gamble by 17.1% during the second quarter. Dock Street Asset Management Inc. now owns 37,302 shares of the company’s stock valued at $5,364,000 after purchasing an additional 5,451 shares during the last quarter. Hixon Zuercher LLC lifted its holdings in Procter & Gamble by 2.1% during the second quarter. Hixon Zuercher LLC now owns 4,965 shares of the company’s stock valued at $714,000 after purchasing an additional 100 shares during the last quarter. Lake Street Financial LLC lifted its holdings in Procter & Gamble by 14.8% during the second quarter. Lake Street Financial LLC now owns 12,090 shares of the company’s stock valued at $1,738,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Renaissance Investment Group LLC lifted its holdings in Procter & Gamble by 9.8% during the second quarter. Renaissance Investment Group LLC now owns 2,610 shares of the company’s stock valued at $375,000 after purchasing an additional 232 shares during the last quarter. 63.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares in the company, valued at $728,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 987 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $147,388.71. Following the completion of the sale, the chief financial officer now owns 27,330 shares of the company’s stock, valued at $4,081,188.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,321 shares of company stock worth $42,559,426. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on PG shares. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Barclays lowered their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Truist Financial lowered their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a report on Monday, June 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Down 1.3 %

Shares of NYSE PG opened at $135.73 on Thursday. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The firm’s 50 day simple moving average is $142.76 and its two-hundred day simple moving average is $147.31. The stock has a market capitalization of $323.78 billion, a P/E ratio of 23.36, a PEG ratio of 3.53 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were given a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s payout ratio is currently 62.82%.

Procter & Gamble Company Profile

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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