The Procter & Gamble Company (NYSE:PG) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,647 shares of the company’s stock after purchasing an additional 822 shares during the period. Harbor Capital Advisors Inc.’s holdings in Procter & Gamble were worth $5,641,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fiera Capital Corp raised its holdings in Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares during the period. Quest Partners LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $36,000. Jupiter Asset Management Ltd. lifted its position in shares of Procter & Gamble by 368.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 64,259 shares of the company’s stock valued at $10,598,000 after buying an additional 50,540 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in Procter & Gamble by 41.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 44,203 shares of the company’s stock valued at $7,290,000 after acquiring an additional 13,020 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in Procter & Gamble by 1.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 83,535 shares of the company’s stock worth $13,777,000 after acquiring an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 over the last quarter. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Wells Fargo & Company lowered their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Performance

NYSE PG opened at $158.73 on Friday. The stock has a market cap of $373.82 billion, a PE ratio of 27.37, a P/E/G ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The stock has a fifty day simple moving average of $169.64 and a 200-day simple moving average of $169.57. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble 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.