Hamlin Capital Management LLC Has $131.09 Million Stake in Procter & Gamble Company (The) $PG

Hamlin Capital Management LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.6% in the fourth quarter, Holdings Channel reports. The fund owned 914,702 shares of the company’s stock after selling 53,966 shares during the quarter. Procter & Gamble accounts for approximately 3.1% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Hamlin Capital Management LLC’s holdings in Procter & Gamble were worth $131,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Procter & Gamble in the third quarter valued at approximately $25,000. Saranac Partners Ltd acquired a new position in shares of Procter & Gamble during the third quarter worth $30,000. Corundum Trust Company INC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at $34,000. Finally, Marquette Asset Management LLC bought a new stake in Procter & Gamble during the 3rd quarter worth $37,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $144.41 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $154.07 and its two-hundred day simple moving average is $150.68. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The stock has a market capitalization of $335.61 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 4.82 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the sale, the insider directly owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,618 shares of company stock worth $55,462,643 over the last ninety days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

PG has been the subject of several research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Tuesday, February 17th. Rothschild & Co Redburn upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. UBS Group upped their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.