Harbor Investment Advisory LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Harbor Investment Advisory LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,983 shares of the company’s stock after selling 472 shares during the period. Harbor Investment Advisory LLC’s holdings in Procter & Gamble were worth $3,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 13.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 16,250 shares of the company’s stock worth $2,381,000 after purchasing an additional 1,882 shares in the last quarter. CenterBook Partners LP grew its stake in shares of Procter & Gamble by 48.0% during the 4th quarter. CenterBook Partners LP now owns 16,382 shares of the company’s stock valued at $2,401,000 after acquiring an additional 5,311 shares during the period. Waterloo Capital L.P. increased its holdings in Procter & Gamble by 53.3% in the 4th quarter. Waterloo Capital L.P. now owns 6,276 shares of the company’s stock worth $920,000 after acquiring an additional 2,181 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Procter & Gamble during the 4th quarter worth approximately $62,000. Finally, Security National Bank purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $84,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.7 %

Shares of PG traded down $1.24 during trading hours on Friday, reaching $168.88. 6,003,668 shares of the company traded hands, compared to its average volume of 6,670,893. The firm has a market cap of $398.58 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The stock’s fifty day moving average price is $171.15 and its 200 day moving average price is $166.48. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Sell-side analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Evercore ISI raised their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 383,194 shares of company stock valued at $65,140,718. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.