Harbor Investment Advisory LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

Harbor Investment Advisory LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,330 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Procter & Gamble were worth $3,744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiera Capital Corp grew its position in Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares during the period. Magnetar Financial LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $1,428,000. Evergreen Capital Management LLC increased its stake in shares of Procter & Gamble by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 32,481 shares of the company’s stock worth $5,357,000 after purchasing an additional 1,700 shares in the last quarter. Tremblant Capital Group lifted its position in Procter & Gamble by 68.9% during the second quarter. Tremblant Capital Group now owns 17,316 shares of the company’s stock valued at $2,856,000 after purchasing an additional 7,064 shares in the last quarter. Finally, Gateway Advisory LLC grew its holdings in Procter & Gamble by 33.3% during the second quarter. Gateway Advisory LLC now owns 10,162 shares of the company’s stock valued at $1,676,000 after purchasing an additional 2,536 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were 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 in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,447 shares of company stock worth $12,978,820. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE:PG opened at $161.77 on Wednesday. The company has a 50-day moving average price of $169.09 and a 200 day moving average price of $169.44. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company 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.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Finally, JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble 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.