Procter & Gamble Company (The) $PG Shares Purchased by Distillate Capital Partners LLC

Key Points

• Distillate Capital Partners raised its stake in Procter & Gamble by 12.9% to 255,447 shares (worth $39.26M), making PG about 2.0% of the fund and its sixth-largest holding; institutional investors now own 65.77% of the stock.
• Significant insider selling occurred on Feb. 12 when Chairman Jon R. Moeller sold 162,232 shares and CEO Gary A. Coombe sold 36,093 shares; insiders have sold 348,618 shares (~$55.46M) over the past 90 days and now hold 0.20% of the company.
• Analyst sentiment and results: the stock has an average MarketBeat rating of "Moderate Buy" with a $168.33 target (14 Buys, 7 Holds); P&G reported Q EPS of $1.88 (beat) and pays a $4.23 annual dividend for a ~2.8% yield.

Distillate Capital Partners LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,447 shares of the company's stock after buying an additional 29,254 shares during the quarter. Procter & Gamble comprises about 2.0% of Distillate Capital Partners LLC's portfolio, making the stock its 6th biggest holding. Distillate Capital Partners LLC's holdings in Procter & Gamble were worth $39,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. increased its holdings in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the last quarter. Sivia Capital Partners LLC raised its position in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC lifted its stake in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after purchasing an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after buying an additional 809 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PG shares. Jefferies Financial Group raised Procter & Gamble from a "hold" rating to a "buy" rating and lifted their price objective for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Wells Fargo & Company restated an "overweight" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Dbs Bank raised Procter & Gamble from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. Finally, TD Cowen lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating and raised their price objective for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Fourteen equities 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 currently has an average rating of "Moderate Buy" and an average target price of $168.33.

Insider Buying and Selling

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 36,093 shares of the firm's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.0%

NYSE:PG opened at $150.57 on Monday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $174.80. The firm has a market cap of $349.91 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 5.04 and a beta of 0.37. 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 stock has a fifty day moving average price of $153.32 and a 200 day moving average price of $150.96.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors 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 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's payout ratio is currently 62.67%.

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.

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