Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Harbour Investments Inc.

Key Points

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Harbour Investments Inc. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,870 shares of the company's stock after acquiring an additional 9,582 shares during the period. Procter & Gamble accounts for approximately 1.1% of Harbour Investments Inc.'s portfolio, making the stock its 14th biggest holding. Harbour Investments Inc.'s holdings in Procter & Gamble were worth $38,322,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. King Wealth Management Group raised its holdings in shares of Procter & Gamble by 1.4% during the 1st quarter. King Wealth Management Group now owns 20,787 shares of the company's stock valued at $3,543,000 after buying an additional 283 shares during the period. MGO One Seven LLC boosted its position in Procter & Gamble by 4.1% during the 1st quarter. MGO One Seven LLC now owns 93,209 shares of the company's stock valued at $15,885,000 after purchasing an additional 3,654 shares during the period. Cordatus Wealth Management LLC boosted its position in Procter & Gamble by 2.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 27,557 shares of the company's stock worth $4,696,000 after acquiring an additional 717 shares during the period. Hoxton Planning & Management LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at $436,000. Finally, RVW Wealth LLC raised its position in shares of Procter & Gamble by 18.4% during the first quarter. RVW Wealth LLC now owns 1,456 shares of the company's stock worth $248,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Barclays lifted their target price on Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.71.

Procter & Gamble Stock Down 2.5%

Shares of PG opened at $152.73 on Thursday. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. The stock has a market capitalization of $358.08 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 4.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70. The stock has a fifty day moving average of $160.43 and a 200-day moving average of $164.11.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly 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 firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The business's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.77%. Procter & Gamble's dividend payout ratio is currently 67.14%.

About Procter & Gamble

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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