Financial Strategies Group Inc. Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Financial Strategies Group Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 8.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,748 shares of the company’s stock after buying an additional 2,574 shares during the period. Procter & Gamble makes up 1.3% of Financial Strategies Group Inc.’s portfolio, making the stock its 26th largest holding. Financial Strategies Group Inc.’s holdings in Procter & Gamble were worth $5,510,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PG. Resonant Capital Advisors LLC boosted its stake in Procter & Gamble by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 23,937 shares of the company’s stock worth $4,013,000 after buying an additional 476 shares during the period. Financial Partners Group Inc lifted its holdings in shares of Procter & Gamble by 4.5% in the 4th quarter. Financial Partners Group Inc now owns 3,136 shares of the company’s stock worth $526,000 after acquiring an additional 136 shares during the last quarter. Catalina Capital Group LLC boosted its stake in shares of Procter & Gamble by 7.2% during the 4th quarter. Catalina Capital Group LLC now owns 12,282 shares of the company’s stock worth $2,059,000 after purchasing an additional 825 shares during the period. S.A. Mason LLC grew its holdings in Procter & Gamble by 0.7% during the 4th quarter. S.A. Mason LLC now owns 14,201 shares of the company’s stock valued at $2,381,000 after purchasing an additional 105 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in Procter & Gamble by 0.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 27,808 shares of the company’s stock worth $4,662,000 after purchasing an additional 250 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group reduced their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Up 1.8 %

NYSE:PG opened at $168.90 on Tuesday. The company’s 50-day simple moving average is $168.34 and its 200-day simple moving average is $169.41. 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 Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The stock has a market capitalization of $396.05 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction 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 directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock worth $25,635,076 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.