Procter & Gamble Company (The) $PG Stock Sold by Howland Capital Management LLC

Howland Capital Management LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,473 shares of the company’s stock after selling 12,074 shares during the period. Howland Capital Management LLC’s holdings in Procter & Gamble were worth $16,485,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Culbertson A N & Co. Inc. raised its stake in shares of Procter & Gamble by 1.5% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 58,397 shares of the company’s stock valued at $8,484,000 after acquiring an additional 890 shares during the period. NBT Bank N.A. acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at $16,439,000. Isthmus Partners LLC boosted its position in Procter & Gamble by 0.4% during the 3rd quarter. Isthmus Partners LLC now owns 108,953 shares of the company’s stock worth $15,829,000 after purchasing an additional 479 shares during the period. Root Financial Partners LLC increased its holdings in Procter & Gamble by 35.5% in the 3rd quarter. Root Financial Partners LLC now owns 7,421 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,946 shares in the last quarter. Finally, JSF Financial LLC increased its holdings in Procter & Gamble by 17.1% in the 3rd quarter. JSF Financial LLC now owns 5,841 shares of the company’s stock valued at $849,000 after purchasing an additional 851 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a report on Thursday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a report on Monday, August 24th. Royal Bank Of Canada restated an “outperform” rating and set a $166.00 target price on shares of Procter & Gamble in a research note on Tuesday. BMO Capital Markets raised their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Finally, TD Cowen reaffirmed a “hold” rating and set a $150.00 target price on shares of Procter & Gamble in a research report on Wednesday, September 30th. Fourteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.50.

Read Our Latest Stock Report on Procter & Gamble

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 4,030 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul Gama sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total value of $323,381.50. Following the sale, the chief executive officer directly owned 51,124 shares in the company, valued at approximately $7,430,362.16. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,135 shares of company stock valued at $2,189,970 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Trading Up 5.8%

PG opened at $165.94 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $385.41 billion, a PE ratio of 22.76, a P/E/G ratio of 3.90 and a beta of 0.39. The firm’s fifty day moving average price is $148.08 and its 200 day moving average price is $146.99.

Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter in the previous year, the firm earned $1.99 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.71%.

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

Further Reading

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

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