Howland Capital Management LLC Decreases Position in Procter & Gamble Co (PG)

Howland Capital Management LLC reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,273 shares of the company’s stock after selling 2,407 shares during the period. Howland Capital Management LLC’s holdings in Procter & Gamble were worth $14,127,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PG. Asset Planning Services Ltd. grew its stake in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares during the period. Harding Loevner LP acquired a new position in Procter & Gamble during the 2nd quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble during the 3rd quarter valued at about $125,000. Blume Capital Management Inc. boosted its stake in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Winfield Associates Inc. boosted its stake in Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares during the last quarter. 59.57% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a research note on Tuesday. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday. Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a report on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a report on Monday, December 18th. Finally, Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $88.51.

Procter & Gamble Co (PG) traded up $0.98 during trading on Thursday, hitting $91.20. 8,345,500 shares of the stock traded hands, compared to its average volume of 6,831,000. The company has a market capitalization of $231,370.00, a PE ratio of 24.39, a P/E/G ratio of 2.89 and a beta of 0.67. Procter & Gamble Co has a 52-week low of $84.28 and a 52-week high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. equities research analysts forecast that Procter & Gamble Co will post 4.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders sold 18,719 shares of company stock valued at $1,661,544 over the last quarter. 0.35% of the stock is owned by company insiders.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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