Granite Harbor Advisors Inc. Has $451,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Granite Harbor Advisors Inc. grew its position in The Procter & Gamble Company (NYSE:PG) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,690 shares of the company’s stock after acquiring an additional 66 shares during the period. Granite Harbor Advisors Inc.’s holdings in Procter & Gamble were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Central Pacific Bank Trust Division grew its holdings in Procter & Gamble by 4.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 6,567 shares of the company’s stock worth $1,137,000 after acquiring an additional 284 shares during the period. AMF Tjanstepension AB grew its holdings in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after acquiring an additional 1,466,115 shares during the period. Czech National Bank grew its holdings in Procter & Gamble by 6.6% during the 3rd quarter. Czech National Bank now owns 479,545 shares of the company’s stock worth $83,057,000 after acquiring an additional 29,799 shares during the period. Trinity Financial Advisors LLC grew its holdings in Procter & Gamble by 18.5% during the 3rd quarter. Trinity Financial Advisors LLC now owns 3,817 shares of the company’s stock worth $661,000 after acquiring an additional 595 shares during the period. Finally, Wiser Wealth Management Inc grew its holdings in Procter & Gamble by 25.2% during the 3rd quarter. Wiser Wealth Management Inc now owns 3,047 shares of the company’s stock worth $528,000 after acquiring an additional 613 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PG shares. Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI boosted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Stock Down 0.9 %

Shares of PG stock opened at $165.98 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s 50-day moving average is $168.54 and its 200-day moving average is $169.38. The stock has a market cap of $389.20 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.73 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 issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for 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%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio is 64.17%.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $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. In the last 90 days, insiders have sold 151,097 shares of company stock worth $25,635,076. Corporate insiders own 0.18% of the company’s stock.

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.