Harbour Investment Management LLC Invests $2.48 Million in The Procter & Gamble Company (NYSE:PG)

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Harbour Investment Management LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 17,832 shares of the company’s stock, valued at approximately $2,478,000. The Procter & Gamble accounts for approximately 1.5% of Harbour Investment Management LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Apella Capital LLC grew its position in shares of The Procter & Gamble by 3.6% during the 3rd quarter. Apella Capital LLC now owns 11,490 shares of the company’s stock worth $1,597,000 after buying an additional 400 shares during the period. Pacific Wealth Strategies Group Inc. grew its position in shares of The Procter & Gamble by 7.9% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 15,343 shares of the company’s stock worth $2,133,000 after buying an additional 1,126 shares during the period. Tarbox Family Office Inc. grew its position in shares of The Procter & Gamble by 9.1% during the 3rd quarter. Tarbox Family Office Inc. now owns 1,470 shares of the company’s stock worth $204,000 after buying an additional 122 shares during the period. AMG National Trust Bank grew its position in shares of The Procter & Gamble by 0.4% during the 3rd quarter. AMG National Trust Bank now owns 59,185 shares of the company’s stock worth $8,226,000 after buying an additional 224 shares during the period. Finally, McCollum Christoferson Group LLC grew its position in shares of The Procter & Gamble by 1.1% during the 3rd quarter. McCollum Christoferson Group LLC now owns 52,344 shares of the company’s stock worth $7,275,000 after buying an additional 570 shares during the period. Institutional investors own 62.81% of the company’s stock.

In related news, VP Valarie L. Sheppard sold 14,800 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the sale, the vice president now owns 39,929 shares in the company, valued at approximately $5,190,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 2,922 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total value of $398,940.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,000 shares of company stock worth $51,009,517. Company insiders own 0.70% of the company’s stock.

NYSE:PG traded up $0.93 during trading hours on Friday, reaching $142.38. 4,278,287 shares of the stock were exchanged, compared to its average volume of 5,656,648. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The firm has a 50 day moving average of $139.55 and a 200 day moving average of $126.65. The stock has a market cap of $354.47 billion, a PE ratio of 27.22, a PEG ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 5.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is currently 61.72%.

PG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on The Procter & Gamble from $150.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday. Smith Barney Citigroup boosted their price objective on The Procter & Gamble from $159.00 to $165.00 in a research report on Wednesday. Royal Bank of Canada reiterated a “neutral” rating and issued a $128.00 price objective on shares of The Procter & Gamble in a research report on Tuesday, October 20th. Barclays reiterated a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, Truist boosted their price objective on The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.50.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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