Hamlin Capital Management LLC Sells 53,966 Shares of Procter & Gamble Company (The) $PG

Hamlin Capital Management LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 914,702 shares of the company’s stock after selling 53,966 shares during the quarter. Procter & Gamble makes up 3.1% of Hamlin Capital Management LLC’s holdings, making the stock its 20th biggest position. Hamlin Capital Management LLC’s holdings in Procter & Gamble were worth $131,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Norges Bank acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $5,099,644,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 15,971.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after buying an additional 6,969,110 shares during the period. Invesco Ltd. grew its stake in Procter & Gamble by 21.4% in the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after buying an additional 2,880,895 shares during the last quarter. Amundi raised its holdings in Procter & Gamble by 26.3% in the 3rd quarter. Amundi now owns 10,682,455 shares of the company’s stock valued at $1,606,748,000 after acquiring an additional 2,222,560 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Procter & Gamble by 66.3% in the 2nd quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock valued at $877,014,000 after acquiring an additional 2,195,560 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.3%

NYSE 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 company has a market cap of $335.61 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 4.82 and a beta of 0.37. The company has a 50 day moving average of $154.07 and a 200-day moving average of $150.68. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the sale, the chief executive officer directly owned 1,029 shares in the company, valued at $170,083.41. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PG shares. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Piper Sandler initiated coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble 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.