Howard Capital Management Group LLC Buys 82 Shares of The Procter & Gamble Company (NYSE:PG)

Howard Capital Management Group LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PG. Alaska Permanent Fund Corp lifted its position in shares of Procter & Gamble by 2.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 114,290 shares of the company’s stock worth $18,544,000 after purchasing an additional 2,236 shares during the period. Stolper Co lifted its position in Procter & Gamble by 1.3% during the first quarter. Stolper Co now owns 12,344 shares of the company’s stock valued at $2,003,000 after acquiring an additional 157 shares during the last quarter. Ellenbecker Investment Group lifted its position in Procter & Gamble by 4.0% during the first quarter. Ellenbecker Investment Group now owns 2,429 shares of the company’s stock valued at $394,000 after acquiring an additional 94 shares during the last quarter. Montecito Bank & Trust lifted its position in Procter & Gamble by 16.0% during the first quarter. Montecito Bank & Trust now owns 24,106 shares of the company’s stock valued at $3,911,000 after acquiring an additional 3,323 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in Procter & Gamble by 22.3% during the first quarter. Signal Advisors Wealth LLC now owns 5,451 shares of the company’s stock valued at $884,000 after acquiring an additional 994 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1 %

Shares of NYSE PG opened at $172.24 on Friday. The company’s 50-day simple moving average is $171.75 and its 200-day simple moving average is $167.04. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The firm 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 quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm 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 $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insider Transactions at Procter & Gamble

In other news, 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 value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of Procter & Gamble 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 directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 383,194 shares of company stock valued at $65,140,718. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PG shares. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. DA Davidson reaffirmed a “neutral” rating and issued a $159.00 price target on shares of Procter & Gamble in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Evercore ISI increased their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Finally, Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $176.21.

About Procter & Gamble

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.