Koshinski Asset Management Inc. lifted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,988 shares of the company’s stock after acquiring an additional 4,964 shares during the period. Koshinski Asset Management Inc.’s holdings in Procter & Gamble were worth $2,296,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Harding Loevner LP purchased a new position in Procter & Gamble during the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in Procter & Gamble in the third quarter valued at about $125,000. Blume Capital Management Inc. boosted its stake in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new position in Procter & Gamble in the third quarter valued at about $173,000. Finally, Legacy Advisors LLC purchased a new position in Procter & Gamble in the third quarter valued at about $174,000. 60.95% of the stock is owned by institutional investors.
Shares of PG stock opened at $78.31 on Wednesday. Procter & Gamble Co has a 12-month low of $77.90 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $199,083.69, a P/E ratio of 20.94, a PEG ratio of 2.46 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts expect that Procter & Gamble Co will post 4.21 EPS for the current year.
A number of research firms have weighed in on PG. Jefferies Group reiterated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo reiterated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. Deutsche Bank began coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, January 8th. Finally, Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Buy” and a consensus price target of $87.18.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The disclosure for this sale can be found here. In the last three months, insiders sold 114,011 shares of company stock worth $9,710,976. Insiders own 0.35% of the company’s stock.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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