Harrington Investments INC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,970 shares of the company’s stock after selling 197 shares during the period. Harrington Investments INC’s holdings in The Procter & Gamble were worth $1,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PG. North Point Portfolio Managers Corp OH grew its stake in The Procter & Gamble by 4.0% during the 3rd quarter. North Point Portfolio Managers Corp OH now owns 1,833 shares of the company’s stock worth $255,000 after buying an additional 71 shares during the last quarter. KFA Private Wealth Group LLC raised its stake in The Procter & Gamble by 4.2% in the third quarter. KFA Private Wealth Group LLC now owns 1,778 shares of the company’s stock valued at $247,000 after buying an additional 72 shares during the last quarter. Bollard Group LLC boosted its holdings in The Procter & Gamble by 0.3% in the third quarter. Bollard Group LLC now owns 21,602 shares of the company’s stock worth $3,003,000 after acquiring an additional 72 shares in the last quarter. Eukles Asset Management grew its stake in shares of The Procter & Gamble by 6.3% during the third quarter. Eukles Asset Management now owns 1,264 shares of the company’s stock worth $176,000 after acquiring an additional 75 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its stake in shares of The Procter & Gamble by 0.9% during the fourth quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock worth $1,140,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

A number of research firms recently commented on PG. Royal Bank of Canada reiterated a “neutral” rating and issued a $128.00 target price on shares of The Procter & Gamble in a research note on Tuesday, October 20th. Berenberg Bank reaffirmed a “hold” rating and set a $156.00 price target on shares of The Procter & Gamble in a research report on Thursday, October 22nd. Truist increased their price objective on The Procter & Gamble from $125.00 to $150.00 in a report on Monday, October 19th. Jefferies Financial Group raised their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Wells Fargo & Company initiated coverage on The Procter & Gamble in a research report on Monday, December 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $146.08.

The Procter & Gamble stock traded up $0.21 during midday trading on Wednesday, hitting $137.26. 6,066,148 shares of the company were exchanged, compared to its average volume of 7,526,106. The business has a fifty day simple moving average of $138.01 and a two-hundred day simple moving average of $135.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market capitalization of $340.35 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $94.34 and a fifty-two week high of $146.92.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $18.38 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, equities analysts expect that The Procter & Gamble Company will post 5.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Investors of record on Friday, January 22nd will be given a dividend of $0.7907 per share. The ex-dividend date is Thursday, January 21st. This represents a $3.16 annualized dividend and a yield of 2.30%. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

In other news, insider Carolyn M. Tastad sold 51,867 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $142.94, for a total transaction of $7,413,868.98. Following the completion of the transaction, the insider now directly owns 72,456 shares of the company’s stock, valued at approximately $10,356,860.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Deborah P. Majoras sold 71,391 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $141.42, for a total value of $10,096,115.22. Following the transaction, the insider now directly owns 145,556 shares of the company’s stock, valued at $20,584,529.52. The disclosure for this sale can be found here. Insiders sold 663,635 shares of company stock valued at $93,052,467 in the last ninety days. 0.70% of the stock is owned by corporate insiders.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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