Hanlon Investment Management Inc. Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Hanlon Investment Management Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 14.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,412 shares of the company’s stock after buying an additional 309 shares during the period. Hanlon Investment Management Inc.’s holdings in Procter & Gamble were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Norges Bank purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $3,956,117,000. TD Asset Management Inc grew its stake in shares of Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after purchasing an additional 1,907,716 shares during the period. Swedbank AB acquired a new stake in Procter & Gamble in the first quarter valued at $233,788,000. Ilex Capital Partners UK LLP purchased a new stake in Procter & Gamble in the 1st quarter valued at approximately $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Procter & Gamble by 32.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock valued at $830,256,000 after buying an additional 1,385,146 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PG. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Barclays decreased their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Stock Up 0.1 %

PG traded up $0.12 on Friday, reaching $175.59. The company’s stock had a trading volume of 5,785,684 shares, compared to its average volume of 6,591,211. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The business’s 50 day moving average is $168.26 and its 200 day moving average is $164.65. The stock has a market cap of $414.42 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.04.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the business earned $1.37 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Activity

In related news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 in the last 90 days. 0.17% of the stock is owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.