Marble Harbor Investment Counsel LLC Has $25.91 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Marble Harbor Investment Counsel LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 157,074 shares of the company’s stock after selling 375 shares during the quarter. Procter & Gamble accounts for about 3.0% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 7th biggest position. Marble Harbor Investment Counsel LLC’s holdings in Procter & Gamble were worth $25,905,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PG. Fairfield Financial Advisors LTD acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $44,000. Brown Brothers Harriman & Co. increased its position in shares of Procter & Gamble by 4.0% during the second quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock valued at $58,467,000 after purchasing an additional 13,533 shares during the period. Rathbones Group PLC raised its stake in shares of Procter & Gamble by 9.4% in the second quarter. Rathbones Group PLC now owns 1,029,555 shares of the company’s stock valued at $169,794,000 after purchasing an additional 88,426 shares in the last quarter. Pine Harbor Wealth Management LLC lifted its position in Procter & Gamble by 4.8% in the second quarter. Pine Harbor Wealth Management LLC now owns 3,354 shares of the company’s stock worth $553,000 after purchasing an additional 155 shares during the period. Finally, Plato Investment Management Ltd increased its holdings in Procter & Gamble by 3.4% in the 2nd quarter. Plato Investment Management Ltd now owns 61,162 shares of the company’s stock valued at $10,087,000 after buying an additional 2,009 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of PG opened at $174.08 on Monday. The stock’s fifty day simple moving average is $169.38 and its 200-day simple moving average is $165.24. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $410.85 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus boosted their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. TD Cowen began coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Finally, Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

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.