Financial Planning Hawaii Inc. Invests $1.66 Million in Procter & Gamble Company (The) $PG

Financial Planning Hawaii Inc. acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,577 shares of the company’s stock, valued at approximately $1,659,000. Procter & Gamble makes up approximately 1.0% of Financial Planning Hawaii Inc.’s portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank grew its position in shares of Procter & Gamble by 3.8% in the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after acquiring an additional 21,825 shares during the period. Westerkirk Capital Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $4,796,000. Vega Investment Solutions lifted its stake in Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after purchasing an additional 8,500 shares during the last quarter. Triodos Investment Management BV grew its holdings in Procter & Gamble by 7.3% during the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after purchasing an additional 17,400 shares during the period. Finally, Jump Financial LLC bought a new position in Procter & Gamble during the second quarter worth about $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PG. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Friday. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and raised their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.83.

Procter & Gamble Trading Up 1.4%

Shares of PG stock opened at $144.76 on Tuesday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $174.80. The company has a market capitalization of $336.43 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37. The firm has a 50 day moving average price of $153.93 and a two-hundred day moving average price of $149.97. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given 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 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This trade represents a 50.77% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is currently owned by insiders.

About Procter & Gamble

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.