Flagship Harbor Advisors LLC Sells 5,596 Shares of Procter & Gamble Company (The) $PG

Flagship Harbor Advisors LLC cut its position in Procter & Gamble Company (The) (NYSE:PG) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,657 shares of the company’s stock after selling 5,596 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Procter & Gamble were worth $5,827,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $25,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $32,000. Caitlin John LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $34,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $37,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Piper Sandler assumed coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective on the stock. TD Cowen decreased their price objective on Procter & Gamble from $156.00 to $142.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares in the company, valued at $170,083.41. This represents a 84.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $142.74 on Tuesday. The stock has a 50-day moving average price of $153.43 and a 200-day moving average price of $149.46. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $171.65. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $331.73 billion, a P/E ratio of 21.15, a PEG ratio of 5.04 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 62.52%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.