Salem Investment Counselors Inc. Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Salem Investment Counselors Inc. cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,493 shares of the company’s stock after selling 119 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Procter & Gamble were worth $18,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Fiera Capital Corp raised its position in shares of Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares in the last quarter. Quest Partners LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $36,000. Oppenheimer Asset Management Inc. raised its position in shares of Procter & Gamble by 10.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 91,768 shares of the company’s stock worth $15,134,000 after acquiring an additional 8,828 shares in the last quarter. Inspire Advisors LLC raised its position in shares of Procter & Gamble by 16.5% in the 2nd quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock worth $299,000 after acquiring an additional 257 shares in the last quarter. Finally, Lyell Wealth Management LP raised its position in shares of Procter & Gamble by 11.6% in the 2nd quarter. Lyell Wealth Management LP now owns 4,386 shares of the company’s stock worth $723,000 after acquiring an additional 457 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.78 during trading hours on Monday, hitting $159.34. The stock had a trading volume of 3,292,309 shares, compared to its average volume of 6,346,956. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock’s 50-day moving average price is $169.64 and its two-hundred day moving average price is $169.61. The stock has a market capitalization of $375.25 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

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.