Financial Planning Hawaii Inc. Buys Shares of 11,577 Procter & Gamble Company (The) $PG

Key Points

• Financial Planning Hawaii Inc. bought 11,577 shares of Procter & Gamble (NYSE:PG) in Q4, valued at about $1.66 million, making PG roughly 1.0% of the fund's holdings and its 27th-largest position.
• Corporate insiders have been net sellers recently — 348,618 shares worth $55.46 million sold in the last 90 days, including Chairman Jon R. Moeller's sale of 162,232 shares for about $26.35 million.
• Wall Street consensus rates P&G as a "Moderate Buy" with a $167.83 average price target; the company reported $1.88 EPS for the quarter (vs. $1.86 est.) and pays a $4.23 annualized dividend (≈2.9% yield).

Financial Planning Hawaii Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,577 shares of the company's stock, valued at approximately $1,659,000. Procter & Gamble accounts for approximately 1.0% of Financial Planning Hawaii Inc.'s holdings, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. J. Safra Sarasin Holding AG increased its stake in shares of Procter & Gamble by 3.1% in the 4th quarter. J. Safra Sarasin Holding AG now owns 430,744 shares of the company's stock valued at $61,753,000 after acquiring an additional 13,027 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Procter & Gamble by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 908,209 shares of the company's stock valued at $130,155,000 after purchasing an additional 19,582 shares during the period. MOR Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $1,975,000. Defined Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $210,000. Finally, Adams Asset Advisors LLC raised its holdings in Procter & Gamble by 50.6% in the fourth quarter. Adams Asset Advisors LLC now owns 5,483 shares of the company's stock worth $786,000 after purchasing an additional 1,842 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Procter & Gamble from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Dbs Bank raised Procter & Gamble from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. TD Cowen lowered Procter & Gamble from a "buy" rating to a "hold" rating and lifted their target price for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $171.00 to $162.00 and set a "hold" rating on the stock in a research report on Monday. Twelve 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, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.83.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 95,903 shares of the firm's stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company's stock, valued at $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 348,618 shares of company stock valued at $55,462,643 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 1.4%

Shares of NYSE:PG opened at $144.76 on Tuesday. The firm has a market cap of $336.43 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.77 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company's fifty day simple moving average is $153.93 and its 200 day simple moving average is $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 - Get Free Report) 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 firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble's dividend payout ratio is currently 62.67%.

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.

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