Harbour Investments Inc. Has $38.74 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Harbour Investments Inc. increased its stake in Procter & Gamble by 8.1% during the second quarter, holding 243,127 shares valued at approximately $38.74 million.
• CEO Jon R. Moeller and COO Shailesh Jejurikar sold significant amounts of Procter & Gamble shares in August, indicating a decrease in insider ownership.
• The company's quarterly dividend of $1.0568 per share will be paid on November 17, 2023, reflecting a 2.8% annualized yield.

Harbour Investments Inc. lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,127 shares of the company's stock after buying an additional 18,257 shares during the period. Procter & Gamble comprises about 1.0% of Harbour Investments Inc.'s investment portfolio, making the stock its 18th largest holding. Harbour Investments Inc.'s holdings in Procter & Gamble were worth $38,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Procter & Gamble by 21.2% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,303 shares of the company's stock worth $208,000 after buying an additional 228 shares during the period. Sagespring Wealth Partners LLC raised its holdings in Procter & Gamble by 0.5% during the second quarter. Sagespring Wealth Partners LLC now owns 50,888 shares of the company's stock worth $8,107,000 after acquiring an additional 239 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Procter & Gamble by 6.2% during the second quarter. Boston Trust Walden Corp now owns 512,119 shares of the company's stock worth $81,591,000 after acquiring an additional 29,796 shares in the last quarter. Frazier Financial Advisors LLC raised its holdings in Procter & Gamble by 5.3% during the second quarter. Frazier Financial Advisors LLC now owns 4,123 shares of the company's stock worth $657,000 after acquiring an additional 206 shares in the last quarter. Finally, Morningstar Investment Management LLC bought a new stake in Procter & Gamble during the second quarter worth about $552,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Barclays dropped their target price on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Bank of America dropped their target price on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Finally, UBS Group dropped their price objective on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $172.21.

Insider Activity at Procter & Gamble

In other news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock valued at $23,421,279 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

NYSE:PG opened at $149.18 on Wednesday. The firm has a market capitalization of $349.15 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.91 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. The stock's 50 day moving average price is $155.15 and its two-hundred day moving average price is $159.20.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is 64.82%.

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.

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