Clear Harbor Asset Management LLC Has $6.17 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Clear Harbor Asset Management LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,613 shares of the company’s stock after buying an additional 141 shares during the period. Clear Harbor Asset Management LLC’s holdings in Procter & Gamble were worth $6,168,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Smith Salley Wealth Management lifted its holdings in shares of Procter & Gamble by 2.5% during the third quarter. Smith Salley Wealth Management now owns 151,337 shares of the company’s stock valued at $26,212,000 after acquiring an additional 3,750 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Procter & Gamble by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,449,621 shares of the company’s stock valued at $765,124,000 after acquiring an additional 35,026 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Procter & Gamble by 1.8% in the third quarter. GHP Investment Advisors Inc. now owns 85,078 shares of the company’s stock valued at $14,736,000 after buying an additional 1,543 shares during the last quarter. Covenant Partners LLC raised its holdings in shares of Procter & Gamble by 9.0% in the third quarter. Covenant Partners LLC now owns 4,164 shares of the company’s stock valued at $721,000 after buying an additional 344 shares during the last quarter. Finally, Viewpoint Capital Management LLC raised its holdings in shares of Procter & Gamble by 2.6% in the third quarter. Viewpoint Capital Management LLC now owns 19,741 shares of the company’s stock valued at $3,426,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 397,986 shares of company stock worth $67,642,430. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PG. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Citigroup lifted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. Nine investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Price Performance

Shares of PG opened at $168.22 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a 50 day simple moving average of $171.93 and a 200 day simple moving average of $167.62. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The firm has a market capitalization of $396.16 billion, a PE ratio of 29.00, a P/E/G ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.83 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.