Bank of Hawaii Buys 75 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 14th, 2023

Bank of Hawaii boosted its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,248 shares of the company’s stock after acquiring an additional 75 shares during the quarter. Procter & Gamble comprises about 0.6% of Bank of Hawaii’s investment portfolio, making the stock its 23rd biggest position. Bank of Hawaii’s holdings in Procter & Gamble were worth $10,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PG. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.0% in the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after purchasing an additional 2,197,165 shares in the last quarter. BlackRock Inc. grew its stake in Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after purchasing an additional 1,811,085 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Procter & Gamble by 108.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock worth $421,628,000 after purchasing an additional 1,737,742 shares in the last quarter. Two Sigma Advisers LP grew its stake in Procter & Gamble by 431.3% in the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock worth $194,779,000 after purchasing an additional 1,252,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Procter & Gamble by 139.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,718,903 shares of the company’s stock worth $260,517,000 after buying an additional 1,000,548 shares during the period. 62.13% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.5 %

PG opened at $151.77 on Friday. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. The stock has a market capitalization of $358.05 billion, a PE ratio of 26.63, a P/E/G ratio of 4.21 and a beta of 0.41. The business’s 50 day moving average price is $142.65 and its 200 day moving average price is $141.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The firm had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the prior year, the firm posted $1.66 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a $0.9407 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.48%. Procter & Gamble’s payout ratio is presently 64.04%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 435 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the transaction, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $656,511 over the last quarter. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PG shares. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. StockNews.com assumed coverage on Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating for the company. Raymond James lifted their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Barclays lowered their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Finally, Citigroup started coverage on Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $156.00.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.

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

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