Howland Capital Management LLC lowered its position in Procter & Gamble Co (NYSE:PG) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.
Other hedge funds also recently made changes to their positions in the company. Financial Advisors Network Inc. grew its stake in shares of Procter & Gamble by 9.8% in the first quarter. Financial Advisors Network Inc. now owns 14,895 shares of the company’s stock worth $1,285,000 after acquiring an additional 1,330 shares during the last quarter. Pensionfund DSM Netherlands acquired a new stake in shares of Procter & Gamble in the second quarter worth $8,018,000. Pensionfund Sabic acquired a new stake in shares of Procter & Gamble in the second quarter worth $4,009,000. Bath Savings Trust Co grew its stake in shares of Procter & Gamble by 2.3% in the second quarter. Bath Savings Trust Co now owns 31,393 shares of the company’s stock worth $2,736,000 after acquiring an additional 701 shares during the last quarter. Finally, McQueen Ball & Associates Inc. grew its stake in shares of Procter & Gamble by 10.5% in the second quarter. McQueen Ball & Associates Inc. now owns 24,599 shares of the company’s stock worth $2,144,000 after acquiring an additional 2,337 shares during the last quarter. Institutional investors own 59.65% of the company’s stock.
Several brokerages recently commented on PG. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble in a research report on Tuesday, October 10th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. Deutsche Bank initiated coverage on Procter & Gamble in a report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective for the company. Finally, Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Buy” and an average price target of $88.38.
In other news, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the transaction, the insider now directly owns 25,429 shares in the company, valued at approximately $2,283,524.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,344 shares of company stock valued at $7,118,970. Corporate insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) traded down $1.60 during trading hours on Friday, hitting $84.25. The stock had a trading volume of 12,850,000 shares, compared to its average volume of 7,890,000. Procter & Gamble Co has a 52 week low of $84.21 and a 52 week high of $94.67. The firm has a market capitalization of $213,740.00, a price-to-earnings ratio of 22.47, a PEG ratio of 2.69 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. analysts predict that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The company also recently disclosed 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 of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.27%. Procter & Gamble’s payout ratio is 73.60%.
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Procter & Gamble Company Profile
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.
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