Harbor Capital Advisors Inc. Has $7.12 Million Position in The Procter & Gamble Company (NYSE:PG)

Harbor Capital Advisors Inc. raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 41,775 shares of the company's stock after buying an additional 8,128 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Procter & Gamble were worth $7,119,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Regatta Capital Group LLC raised its holdings in shares of Procter & Gamble by 0.5% in the first quarter. Regatta Capital Group LLC now owns 15,893 shares of the company's stock worth $2,708,000 after acquiring an additional 79 shares during the last quarter. Octavia Wealth Advisors LLC lifted its position in Procter & Gamble by 1.1% during the 1st quarter. Octavia Wealth Advisors LLC now owns 60,908 shares of the company's stock worth $10,380,000 after acquiring an additional 667 shares in the last quarter. International Private Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 18.2% during the first quarter. International Private Wealth Advisors LLC now owns 7,058 shares of the company's stock valued at $1,203,000 after acquiring an additional 1,088 shares in the last quarter. Everest Management Corp. acquired a new position in shares of Procter & Gamble in the first quarter worth about $221,000. Finally, Tounjian Advisory Partners LLC purchased a new position in Procter & Gamble in the first quarter valued at about $8,735,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Trading Up 0.5%

Shares of PG stock traded up $0.89 on Thursday, hitting $163.00. The stock had a trading volume of 3,792,541 shares, compared to its average volume of 7,341,031. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $382.16 billion, a P/E ratio of 25.96, a PEG ratio of 3.76 and a beta of 0.43. The company has a fifty day moving average price of $163.64 and a two-hundred day moving average price of $167.05.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

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.