Hanlon Investment Management Inc. Purchases Shares of 1,469 The Procter & Gamble Company (NYSE:PG)

Hanlon Investment Management Inc. purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,469 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Community Trust & Investment Co. boosted its stake in shares of The Procter & Gamble by 0.5% in the 3rd quarter. Community Trust & Investment Co. now owns 89,794 shares of the company’s stock worth $12,481,000 after buying an additional 480 shares during the last quarter. Chatham Capital Group Inc. boosted its stake in shares of The Procter & Gamble by 2.9% in the 3rd quarter. Chatham Capital Group Inc. now owns 17,977 shares of the company’s stock worth $2,499,000 after buying an additional 500 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of The Procter & Gamble by 17.3% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 10,839 shares of the company’s stock worth $1,507,000 after buying an additional 1,600 shares during the last quarter. Garland Capital Management Inc. boosted its stake in shares of The Procter & Gamble by 133.2% in the 3rd quarter. Garland Capital Management Inc. now owns 110,910 shares of the company’s stock worth $15,415,000 after buying an additional 63,355 shares during the last quarter. Finally, Coastal Investment Advisors Inc. boosted its stake in shares of The Procter & Gamble by 13.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 13,678 shares of the company’s stock worth $1,901,000 after buying an additional 1,602 shares during the last quarter. Institutional investors and hedge funds own 63.05% of the company’s stock.

The Procter & Gamble stock opened at $127.03 on Tuesday. The stock has a market cap of $312.81 billion, a P/E ratio of 24.20, a PEG ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a fifty-two week low of $94.34 and a fifty-two week high of $146.92. The firm’s fifty day moving average price is $131.77 and its 200-day moving average price is $137.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. The firm had revenue of $19.75 billion for the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 22nd were given a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, January 21st. This represents a $3.16 annualized dividend and a yield of 2.49%. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In related news, insider Marc S. Pritchard sold 95,163 shares of the company’s stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $130.65, for a total value of $12,433,045.95. Following the completion of the transaction, the insider now directly owns 224,749 shares in the company, valued at $29,363,456.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nelson Peltz sold 107,372 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $128.00, for a total transaction of $13,743,616.00. The disclosure for this sale can be found here. Insiders sold 917,982 shares of company stock valued at $120,898,322 over the last quarter. 0.70% of the stock is owned by company insiders.

A number of equities research analysts recently commented on PG shares. Zacks Investment Research cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a report on Thursday, January 21st. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a report on Thursday, January 28th. Wells Fargo & Company began coverage on shares of The Procter & Gamble in a report on Monday, December 7th. They issued an “overweight” rating and a $160.00 price target on the stock. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Friday, January 22nd. Finally, Sanford C. Bernstein began coverage on shares of The Procter & Gamble in a report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 target price on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The Procter & Gamble has a consensus rating of “Buy” and a consensus price target of $146.75.

The Procter & Gamble 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.

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

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