The Procter & Gamble Company (NYSE:PG) Shares Sold by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,188 shares of the company’s stock after selling 460 shares during the period. Procter & Gamble accounts for 2.8% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 12th biggest position. Private Harbour Investment Management & Counsel LLC’s holdings in Procter & Gamble were worth $2,546,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Morey & Quinn Wealth Partners LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $476,000. Ipsen Advisor Group LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $206,000. Summitry LLC lifted its stake in shares of Procter & Gamble by 9.5% during the 4th quarter. Summitry LLC now owns 37,343 shares of the company’s stock worth $6,260,000 after purchasing an additional 3,230 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $314,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Procter & Gamble by 3.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,510,019 shares of the company’s stock valued at $253,155,000 after purchasing an additional 53,170 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $162.90 on Wednesday. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The stock has a market capitalization of $381.98 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $168.17 and its 200 day simple moving average is $169.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s payout ratio is 64.01%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.47.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last quarter. Company insiders own 0.18% of the company’s stock.

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.