Howard Capital Management Group LLC Buys New Stake in The Procter & Gamble Company (NYSE:PG)

Howard Capital Management Group LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) during the first quarter, according to its most recent filing with the SEC. The firm bought 5,751 shares of the company’s stock, valued at approximately $779,000.

A number of other large investors have also recently bought and sold shares of PG. Allied Investment Advisors LLC grew its position in The Procter & Gamble by 3.8% in the 1st quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock worth $5,972,000 after purchasing an additional 1,601 shares during the last quarter. New England Investment & Retirement Group Inc. bought a new position in shares of The Procter & Gamble during the 1st quarter worth about $2,481,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of The Procter & Gamble by 0.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 950,534 shares of the company’s stock worth $128,731,000 after acquiring an additional 8,664 shares during the period. Bangor Savings Bank lifted its holdings in shares of The Procter & Gamble by 1.2% during the 4th quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after acquiring an additional 86 shares during the period. Finally, We Are One Seven LLC lifted its holdings in shares of The Procter & Gamble by 12.5% during the 1st quarter. We Are One Seven LLC now owns 11,552 shares of the company’s stock worth $1,564,000 after acquiring an additional 1,279 shares during the period. Institutional investors and hedge funds own 63.05% of the company’s stock.

Shares of NYSE:PG opened at $138.01 on Friday. The Procter & Gamble Company has a one year low of $111.43 and a one year high of $146.92. The company has a 50 day moving average of $135.28 and a 200-day moving average of $134.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market cap of $337.88 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.38.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The Procter & Gamble’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be issued a dividend of $0.8698 per share. The ex-dividend date is Thursday, April 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.52%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is currently 67.97%.

In related news, CEO Steven D. Bishop sold 3,173 shares of the business’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $399,068.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nelson Peltz sold 996,387 shares of the business’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $134.63, for a total transaction of $134,143,581.81. Following the transaction, the director now owns 5,390 shares of the company’s stock, valued at approximately $725,655.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,282,873 shares of company stock valued at $306,539,932. Corporate insiders own 0.70% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a report on Thursday, January 21st. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Friday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, April 27th. Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a report on Wednesday, April 21st. Finally, Morgan Stanley cut their price target on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, April 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The Procter & Gamble presently has an average rating of “Buy” and a consensus target price of $148.93.

The Procter & Gamble Company Profile

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

Recommended Story: What is a Market Correction?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG).

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

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.