Harbour Capital Advisors LLC Purchases Shares of 5,805 Procter & Gamble Company (The) (PG)

Harbour Capital Advisors LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,805 shares of the company’s stock, valued at approximately $522,000.

Several other hedge funds have also recently added to or reduced their stakes in PG. Karp Capital Management Corp acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter valued at approximately $126,275,000. Hermes Investment Management Ltd. raised its holdings in shares of Procter & Gamble Company (The) by 2,810.3% during the first quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock valued at $66,344,000 after acquiring an additional 713,018 shares during the period. British Airways Pensions Investment Management Ltd purchased a new position in Procter & Gamble Company (The) during the first quarter valued at approximately $52,682,000. Nuance Investments LLC purchased a new position in Procter & Gamble Company (The) during the first quarter valued at approximately $42,694,000. Finally, WINTON GROUP Ltd grew its position in Procter & Gamble Company (The) by 9,226.9% during the first quarter. WINTON GROUP Ltd now owns 325,694 shares of the company’s stock valued at $29,231,000 after purchasing an additional 322,202 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

A number of research analysts recently commented on the stock. Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.10.

In related news, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock valued at $4,216,070 over the last three months. 0.35% of the stock is owned by company insiders.

Procter & Gamble Company (NYSE PG) traded down 0.76% during mid-day trading on Tuesday, reaching $93.28. 2,776,244 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $91.66 and a 200-day moving average price of $89.47. The stock has a market cap of $237.87 billion, a P/E ratio of 16.68 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $93.98.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were paid a $0.6896 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 2.93%. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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