Howland Capital Management 13F: Cuts PG Stake by $1.8M

Howland Capital Management reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 9.6% during the quarter, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 22, 2026.

PG The Procter & Gamble Company

$165.60 ▲ +19.39% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Howland Capital Management's The Procter & Gamble Company Position

The fund sold 12,074 shares of the consumer goods giant, leaving it with 113,473 shares. The remaining stake had a reported value of $16,485,358 at the time of the filing. Procter & Gamble closed at $165.59 on the day of the filing.

Other Institutional Activity in The Procter & Gamble Company

Other major institutional investors adjusted their positions in Procter & Gamble during the same filing period. Bell Bank cut its stake by 28.8%, shedding 20,955 shares to hold 51,763 shares valued at about $7,520,129. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings by 6.8%, acquiring 30,957 shares to end with 489,542 shares worth about $71,120,662. Midwest Trust lifted its stake by 10.7%, adding 51,131 shares for a total of 529,870 shares valued at approximately $76,979,514. Carnegie Investment Counsel raised its holdings by 4.3%, buying 10,855 shares to own 263,261 shares worth about $36,822,333. Pictet North America Advisors increased its stake by 21.6%, purchasing 4,339 shares to finish with 24,385 shares valued at about $3,542,653.

The Procter & Gamble Company Stock Up 5.4%

The stock recently traded around $166.19 as of October 23, 2026, sitting just below its 52-week high of $167.25. The share price is up about 0.4% since the filing date and trades well above both its 50-day and 200-day moving averages.

Recent Earnings

The company reported trailing twelve month revenue of $87.03 billion and basic earnings of $6.62 per share. Procter & Gamble posted a net profit margin of 18.4% and an annualized return on equity of 30.3%.

Dividend

Procter & Gamble continues to return capital to shareholders through regular cash distributions, offering an annual dividend rate of $4.35 per share. This translates to a dividend yield of 2.76% based on recent share levels. The company supports this payout with a dividend payout ratio of 64.3%, reflecting how much of its earnings go toward shareholder payments.

Insider Buying and Selling at The Procter & Gamble Company

Company insiders executed transactions prior to the filing. Officer Paul Gama sold 2,225 shares on October 5, 2026, at an average price of $145.34 for a total value of $323,382. Officer Susan Street Whaley disposed of 2,369 shares on October 5, 2026, at $145.34 per share, totaling $344,310. Chief Financial Officer Andre Schulten parted with 3,914 shares on October 5, 2026, at $145.34 per share for a total of $568,861.

Analysts Set New Price Targets

Wall Street research firms updated their views on the consumer goods company ahead of the filing. On September 30, 2026, TD Cowen reiterated its hold rating with a price target of $150.00. Evercore ISI Group upgraded the stock to an outperform rating on October 6, 2026, raising its price target from $161.00 to $166.00. RBC Capital maintained an outperform rating on October 6, 2026, adjusting its price target from $167.00 to $166.00, and later reiterated that stance on October 20, 2026. Citigroup maintained a buy rating on October 14, 2026, lifting its target from $170.00 to $180.00. Overall, the stock carries a consensus buy recommendation from 23 analyst opinions.

About The Procter & Gamble Company

Headquartered in Cincinnati, Ohio, Procter & Gamble manufactures and sells branded consumer packaged goods across the globe. The company organizes its operations into five primary segments covering beauty, grooming, health care, fabric and home care, and baby and family care products. Institutional moves by investors like Howland Capital Management offer a look at how major portfolio managers manage exposure to large consumer staple firms.

Bottom Line

Investors tracking Procter & Gamble will monitor upcoming institutional filings and earnings reports to gauge shifts in large-block ownership. No investment decision should be made based solely on quarterly 13F disclosures.