Harwood Advisory Group LLC Has $2.19 Million Stake in Procter & Gamble Co (PG)

Harwood Advisory Group LLC lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,286 shares of the company’s stock after selling 884 shares during the quarter. Procter & Gamble accounts for 1.2% of Harwood Advisory Group LLC’s holdings, making the stock its 26th biggest holding. Harwood Advisory Group LLC’s holdings in Procter & Gamble were worth $2,188,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $73,142,000. RPg Family Wealth Advisory LLC lifted its holdings in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares during the period. Polaris Greystone Financial Group LLC lifted its holdings in shares of Procter & Gamble by 224.9% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after buying an additional 1,192 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $149,000. Finally, Laurel Grove Capital LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth $202,000. 58.62% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO David S. Taylor sold 63,113 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the transaction, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider R. Alexandra Keith sold 1,463 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $89.89, for a total value of $131,509.07. Following the transaction, the insider now directly owns 45,018 shares in the company, valued at $4,046,668.02. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock worth $46,437,282 over the last ninety days. 1.84% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on PG. Morgan Stanley upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $91.00 to $106.00 in a research note on Thursday, December 13th. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Thursday, December 13th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Wednesday, December 19th. Citigroup upped their price objective on Procter & Gamble from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday, December 10th. Finally, Barclays restated a “hold” rating and set a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $92.26.

Shares of NYSE:PG opened at $91.77 on Friday. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $96.89. The stock has a market cap of $229.29 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts expect that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

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About Procter & Gamble

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

Read More: Asset Allocation, Balancing Your Investments

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

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