Howard Capital Management Inc. Acquires 3,754 Shares of Procter & Gamble Company (The) $PG

by · The Cerbat Gem

Howard Capital Management Inc. increased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,936 shares of the company’s stock after purchasing an additional 3,754 shares during the quarter. Howard Capital Management Inc.’s holdings in Procter & Gamble were worth $2,858,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PG. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble during the first quarter worth about $26,000. Signature Resources Capital Management LLC boosted its holdings in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP acquired a new stake in Procter & Gamble during the 1st quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $37,000. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the sale, the chief financial officer owned 52,642 shares of the company’s stock, valued at $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock worth $23,421,279 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday. UBS Group lowered their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. BNP Paribas Exane dropped their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Barclays cut their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.53.

Check Out Our Latest Stock Report on PG

Procter & Gamble Price Performance

Shares of NYSE PG opened at $151.62 on Tuesday. The firm has a market capitalization of $354.85 billion, a P/E ratio of 22.13, a P/E/G ratio of 4.05 and a beta of 0.36. The firm’s 50-day moving average price is $154.58 and its 200-day moving average price is $158.31. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.51% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the company posted $1.93 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. 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, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Procter & Gamble Company Profile

(Free Report)

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.

Further Reading

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