Harbor Investment Advisory LLC Has $3.41 Million Holdings in Procter & Gamble Company (The) $PG

Harbor Investment Advisory LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,425 shares of the company’s stock after selling 535 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Procter & Gamble were worth $3,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble in the 1st quarter worth approximately $26,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Quarry LP acquired a new position in Procter & Gamble during the 1st quarter worth $33,000. 10Elms LLP acquired a new position in Procter & Gamble during the 4th quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after buying an additional 170 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

PG stock opened at $158.02 on Friday. The business’s fifty day moving average is $156.21 and its 200-day moving average is $161.90. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $369.85 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 4.19 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is currently 64.98%.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company’s stock, valued at approximately $4,292,684.65. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on PG shares. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $175.12.

About Procter & Gamble

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.