The Procter & Gamble Company (NYSE:PG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,746 shares of the company’s stock after selling 877 shares during the quarter. First Hawaiian Bank’s holdings in Procter & Gamble were worth $2,102,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Procter & Gamble by 67.2% during the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock valued at $4,420,000 after acquiring an additional 10,777 shares in the last quarter. ShankerValleau Wealth Advisors Inc. increased its position in shares of Procter & Gamble by 7.1% during the second quarter. ShankerValleau Wealth Advisors Inc. now owns 1,466 shares of the company’s stock worth $242,000 after purchasing an additional 97 shares in the last quarter. Centre Asset Management LLC increased its position in shares of Procter & Gamble by 2.2% during the second quarter. Centre Asset Management LLC now owns 22,939 shares of the company’s stock worth $3,783,000 after purchasing an additional 502 shares in the last quarter. Waller Financial Planning Group Inc. boosted its stake in Procter & Gamble by 132.0% during the second quarter. Waller Financial Planning Group Inc. now owns 4,817 shares of the company’s stock worth $794,000 after buying an additional 2,741 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in Procter & Gamble by 0.4% during the second quarter. Confluence Investment Management LLC now owns 143,504 shares of the company’s stock worth $23,667,000 after buying an additional 592 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PG. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Price Performance

NYSE PG traded down $2.02 during mid-day trading on Monday, hitting $168.06. The stock had a trading volume of 10,337,445 shares, compared to its average volume of 6,680,484. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $166.28 and a 200 day simple moving average of $162.21. The company has a market cap of $396.65 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 3.60 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.33% and a net margin of 17.71%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares in the company, valued at approximately $6,080,172.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,461 shares of company stock worth $10,392,774. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.