Howland Capital Management LLC Has $13.35 Million Stake in Procter & Gamble Co (PG)

Howland Capital Management LLC grew its holdings in Procter & Gamble Co (NYSE:PG) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,215 shares of the company’s stock after purchasing an additional 1,805 shares during the period. Howland Capital Management LLC’s holdings in Procter & Gamble were worth $13,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PG. Vanguard Group Inc. raised its position in Procter & Gamble by 0.5% during the third quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after acquiring an additional 853,269 shares in the last quarter. Vanguard Group Inc raised its position in Procter & Gamble by 0.5% during the third quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after acquiring an additional 853,269 shares in the last quarter. Bank of New York Mellon Corp raised its position in Procter & Gamble by 5,578,292.9% during the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after acquiring an additional 24,377,140 shares in the last quarter. FMR LLC grew its holdings in Procter & Gamble by 6.7% in the third quarter. FMR LLC now owns 19,135,225 shares of the company’s stock valued at $1,592,625,000 after purchasing an additional 1,196,630 shares during the period. Finally, Morgan Stanley grew its holdings in Procter & Gamble by 11.3% in the third quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock valued at $1,463,528,000 after purchasing an additional 1,784,225 shares during the period. Institutional investors and hedge funds own 61.56% of the company’s stock.

Several analysts have commented on PG shares. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $91.00 price target on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Berenberg Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and lifted their price target for the stock from $86.00 to $92.00 in a research note on Thursday, January 24th. Finally, SunTrust Banks boosted their price objective on Procter & Gamble to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $101.42.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $105.85, for a total transaction of $421,283.00. Following the completion of the sale, the insider now directly owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 26,891 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total value of $2,859,051.12. Following the sale, the vice president now directly owns 51,323 shares of the company’s stock, valued at $5,456,661.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,395,853 shares of company stock valued at $238,731,876. Insiders own 1.84% of the company’s stock.

NYSE PG traded up $1.77 during trading hours on Friday, hitting $106.01. 5,722,068 shares of the company were exchanged, compared to its average volume of 6,875,953. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. Procter & Gamble Co has a 52-week low of $72.60 and a 52-week high of $107.20. The company has a market cap of $262.79 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The company had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. Procter & Gamble’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. Equities research analysts anticipate that Procter & Gamble Co will post 4.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.7459 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio is currently 70.62%.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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