Koshinski Asset Management Inc. Has $4.81 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Koshinski Asset Management Inc. increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,680 shares of the company’s stock after purchasing an additional 351 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Procter & Gamble were worth $4,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC grew its holdings in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $58,000. Mendota Financial Group LLC raised its stake in shares of Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after acquiring an additional 138 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after purchasing an additional 233 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,447 shares of company stock valued at $12,978,820. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. Barclays decreased their price target on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Procter & Gamble Price Performance

NYSE PG opened at $161.77 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market cap of $380.96 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 3.63 and a beta of 0.45. The business has a 50 day simple moving average of $169.09 and a 200 day simple moving average of $169.44. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43.

Procter & Gamble Announces Dividend

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 issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is 69.48%.

Procter & Gamble Company 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.