Procter & Gamble Company (The) $PG Stock: Harbour Investments Inc. Cuts Position

Harbour Investments Inc. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,263 shares of the company’s stock after selling 35,200 shares during the period. Procter & Gamble makes up approximately 0.8% of Harbour Investments Inc.’s holdings, making the stock its 23rd largest holding. Harbour Investments Inc.’s holdings in Procter & Gamble were worth $51,032,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PG. Walsh & Associates LLC boosted its position in Procter & Gamble by 1.5% during the 3rd quarter. Walsh & Associates LLC now owns 5,549 shares of the company’s stock worth $806,000 after purchasing an additional 81 shares during the period. AlTi Global Inc. increased its holdings in Procter & Gamble by 6.8% in the 3rd quarter. AlTi Global Inc. now owns 39,986 shares of the company’s stock valued at $5,809,000 after purchasing an additional 2,548 shares in the last quarter. Phoenix Financial Ltd. raised its position in Procter & Gamble by 23.2% in the third quarter. Phoenix Financial Ltd. now owns 42,294 shares of the company’s stock valued at $6,148,000 after purchasing an additional 7,975 shares during the period. R.H. Investment Group LLC lifted its stake in shares of Procter & Gamble by 2.3% during the third quarter. R.H. Investment Group LLC now owns 26,682 shares of the company’s stock worth $3,876,000 after purchasing an additional 596 shares in the last quarter. Finally, Rasp Wealth Solutions LLC lifted its stake in shares of Procter & Gamble by 19.1% during the third quarter. Rasp Wealth Solutions LLC now owns 4,332 shares of the company’s stock worth $629,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

More Procter & Gamble News

These are some of the PG news items that stood out recently:

• Positive Sentiment: Investors continue to see P&G as a potential source of reliable income: the company has raised its dividend for 70 consecutive years and recently declared a quarterly payout of $1.0885 per share. Its established consumer brands and steady cash generation support that appeal. Article: P&G Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: Recent valuation coverage asks whether P&G’s current market value is justified by its expected cash flows and how its valuation compares with rivals. This may make valuation more salient after the stock’s recent gains, but the available article summaries do not provide a specific fair-value estimate. Article: Is Procter & Gamble Stock Worth More Than Its Rivals?
• Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares for about $379,000, reducing his direct ownership by 20.06% to 8,968 shares. The sale may draw attention, although a single transaction does not establish a change in the company’s outlook. SEC Form 4 filing

Insider Activity at Procter & Gamble

In related news, CEO Juliana Azevedo sold 5,370 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $907,530.00. Following the transaction, the chief executive officer owned 21,361 shares in the company, valued at approximately $3,610,009. The trade was a 20.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 9,479 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $207,173. This represents a 88.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 200,006 shares of company stock valued at $32,715,058. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a research note on Friday, October 23rd. BNP Paribas Exane raised their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Finally, Morgan Stanley upped their price target on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Stock Up 1.1%

PG traded up $1.81 during trading hours on Friday, reaching $169.84. 6,941,459 shares of the stock traded hands, compared to its average volume of 10,402,722. The firm’s fifty day simple moving average is $154.26 and its two-hundred day simple moving average is $149.93. The company has a market cap of $393.65 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 4.13 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.73. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Procter & Gamble Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.