The Procter & Gamble Company (NYSE:PG) Shares Acquired by Howard Capital Management Group LLC

Howard Capital Management Group LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,327 shares of the company’s stock after acquiring an additional 82 shares during the period. Howard Capital Management Group LLC’s holdings in Procter & Gamble were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PG. Alaska Permanent Fund Corp increased its position in shares of Procter & Gamble by 2.0% during the first quarter. Alaska Permanent Fund Corp now owns 114,290 shares of the company’s stock valued at $18,544,000 after acquiring an additional 2,236 shares during the last quarter. Stolper Co grew its holdings in shares of Procter & Gamble by 1.3% in the first quarter. Stolper Co now owns 12,344 shares of the company’s stock valued at $2,003,000 after purchasing an additional 157 shares in the last quarter. Ellenbecker Investment Group grew its holdings in shares of Procter & Gamble by 4.0% in the first quarter. Ellenbecker Investment Group now owns 2,429 shares of the company’s stock valued at $394,000 after purchasing an additional 94 shares in the last quarter. Montecito Bank & Trust grew its holdings in shares of Procter & Gamble by 16.0% in the first quarter. Montecito Bank & Trust now owns 24,106 shares of the company’s stock valued at $3,911,000 after purchasing an additional 3,323 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in shares of Procter & Gamble by 22.3% in the first quarter. Signal Advisors Wealth LLC now owns 5,451 shares of the company’s stock valued at $884,000 after purchasing an additional 994 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.1 %

PG stock opened at $172.24 on Friday. The company has a fifty day moving average price of $171.75 and a 200 day moving average price of $167.04. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company has a market cap of $406.51 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 383,194 shares of company stock valued at $65,140,718 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Cowen initiated coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $176.21.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.