Harbour Trust & Investment Management Co Sells 307 Shares of The Procter & Gamble Company (NYSE:PG)

Harbour Trust & Investment Management Co cut its holdings in The Procter & Gamble Company (NYSE:PG) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,696 shares of the company’s stock after selling 307 shares during the period. Harbour Trust & Investment Management Co’s holdings in Procter & Gamble were worth $2,296,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Angeles Wealth Management LLC lifted its position in shares of Procter & Gamble by 12.3% during the fourth quarter. Angeles Wealth Management LLC now owns 6,956 shares of the company’s stock valued at $1,166,000 after buying an additional 760 shares during the last quarter. Stiles Financial Services Inc grew its stake in shares of Procter & Gamble by 0.5% during the 4th quarter. Stiles Financial Services Inc now owns 22,639 shares of the company’s stock worth $3,796,000 after purchasing an additional 116 shares during the period. Tevis Investment Management boosted its position in Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after purchasing an additional 65 shares in the last quarter. Focused Wealth Management Inc raised its position in Procter & Gamble by 2.0% during the fourth quarter. Focused Wealth Management Inc now owns 3,342 shares of the company’s stock worth $560,000 after acquiring an additional 66 shares during the period. Finally, Legacy Financial Strategies LLC lifted its position in shares of Procter & Gamble by 4.4% in the fourth quarter. Legacy Financial Strategies LLC now owns 2,378 shares of the company’s stock valued at $395,000 after acquiring an additional 100 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % 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, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 0.5 %

Shares of PG stock opened at $167.99 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a fifty day moving average of $167.30 and a 200-day moving average of $169.42. The stock has a market cap of $393.91 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Barclays boosted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.