Howland Capital Management LLC Has $25.33 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Howland Capital Management LLC increased its stake in Procter & Gamble by 25.8%, owning 148,643 shares valued at approximately $25.33 million after buying an additional 30,479 shares last quarter.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding estimates, with revenue of $20.89 billion, which is a 1.7% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.8%, with a payout ratio of 67.14%.

Howland Capital Management LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,643 shares of the company's stock after buying an additional 30,479 shares during the period. Howland Capital Management LLC's holdings in Procter & Gamble were worth $25,332,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG stock opened at $150.30 on Friday. The stock has a 50-day moving average price of $160.13 and a two-hundred day moving average price of $164.05. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The stock has a market cap of $352.38 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 4.27 and a beta of 0.40. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. Procter & Gamble's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on PG shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Evercore ISI restated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Wells Fargo & Company cut their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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