Koshinski Asset Management Inc. Sells 560 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 5th, 2023

Koshinski Asset Management Inc. trimmed its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,323 shares of the company’s stock after selling 560 shares during the period. Koshinski Asset Management Inc.’s holdings in Procter & Gamble were worth $5,505,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EWG Elevate Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter worth $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the third quarter worth $30,000. Bourgeon Capital Management LLC grew its holdings in shares of Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the last quarter. Horizons Wealth Management bought a new stake in shares of Procter & Gamble during the second quarter worth $52,000. Finally, Belmont Capital LLC grew its holdings in shares of Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Barclays decreased their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. StockNews.com started coverage on Procter & Gamble in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Raymond James raised their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Finally, JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.27.

Procter & Gamble Stock Up 0.5 %

PG stock opened at $150.23 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $141.48 and a two-hundred day moving average price of $141.36. The company has a market cap of $354.41 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 4.15 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the transaction, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is owned by company insiders.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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