Harbor Capital Advisors Inc. Sells 213 Shares of The Procter & Gamble Company (NYSE:PG)

Harbor Capital Advisors Inc. reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,137 shares of the company’s stock after selling 213 shares during the quarter. Procter & Gamble accounts for 1.2% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 12th biggest 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 hedge funds and other institutional investors have also recently modified their holdings of the business. Silicon Valley Capital Partners bought a new position in Procter & Gamble in the fourth quarter valued at about $28,000. GW&K Investment Management LLC bought a new position in shares of Procter & Gamble in the first quarter worth about $28,000. IAG Wealth Partners LLC raised its stake in shares of Procter & Gamble by 58.8% in the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock worth $36,000 after buying an additional 90 shares during the period. Kepos Capital LP bought a new position in shares of Procter & Gamble in the fourth quarter worth about $38,000. Finally, Ten Capital Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 325.8% in the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after buying an additional 202 shares during the period. 63.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 781 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total transaction of $119,352.42. Following the completion of the sale, the chief executive officer now directly owns 6,310 shares in the company, valued at approximately $964,294.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the completion of the sale, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 781 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total value of $119,352.42. Following the sale, the chief executive officer now owns 6,310 shares of the company’s stock, valued at $964,294.20. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock worth $16,523,793 in the last three months. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PG shares. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Stifel Nicolaus raised their price objective on Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $174.00 price objective on shares of Procter & Gamble in a research note on Tuesday, August 1st. Wells Fargo & Company increased their target price on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Finally, Royal Bank of Canada increased their target price on Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.82.

Procter & Gamble Price Performance

Shares of PG stock opened at $154.05 on Tuesday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38. The stock has a market capitalization of $363.14 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42. The stock has a fifty day simple moving average of $153.35 and a two-hundred day simple moving average of $150.37. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping 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 business had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the business earned $1.21 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.