Harbor Capital Advisors Inc. Decreases Holdings in The Procter & Gamble Company (NYSE:PG)

Harbor Capital Advisors Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,137 shares of the company’s stock after selling 213 shares during the period. Procter & Gamble accounts for about 1.2% of Harbor Capital Advisors Inc.’s holdings, making the stock its 12th largest holding. Harbor Capital Advisors Inc.’s holdings in Procter & Gamble were worth $5,939,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Axiom Financial Strategies LLC increased its position in Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares during the period. AMI Investment Management Inc. boosted its stake in shares of Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management boosted its stake in shares of Procter & Gamble by 5.7% during the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC purchased a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its stake in shares of Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after acquiring an additional 455 shares in the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.4 %

PG stock opened at $154.05 on Tuesday. The company has a market cap of $363.14 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $153.35 and a 200-day simple moving average of $150.37. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The firm had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a $0.9407 dividend. The ex-dividend date was Thursday, July 20th. This represents a $3.76 annualized dividend and a yield of 2.44%. Procter & Gamble’s dividend payout ratio is currently 63.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PG shares. Barclays upped their target price on Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reaffirmed an “overweight” rating and issued a $174.00 target price on shares of Procter & Gamble in a research note on Tuesday, August 1st. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.82.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 806 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $152.85, for a total value of $123,197.10. Following the completion of the sale, the chief financial officer now directly owns 28,373 shares in the company, valued at approximately $4,336,813.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 806 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $152.85, for a total value of $123,197.10. Following the completion of the transaction, the chief financial officer now directly owns 28,373 shares of the company’s stock, valued at approximately $4,336,813.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the completion of the transaction, the chief accounting officer now directly owns 888 shares of the company’s stock, valued at $138,758.88. The disclosure for this sale can be found here. In the last three months, insiders sold 106,607 shares of company stock worth $16,523,793. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.