Distillate Capital Partners LLC Makes New $42.43 Million Investment in The Procter & Gamble Company (NYSE:PG)

Distillate Capital Partners LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 253,095 shares of the company's stock, valued at approximately $42,431,000. Procter & Gamble makes up 2.1% of Distillate Capital Partners LLC's portfolio, making the stock its 5th biggest holding.

Other hedge funds have also bought and sold shares of the company. Nicolet Bankshares Inc. lifted its position in Procter & Gamble by 1.0% during the fourth quarter. Nicolet Bankshares Inc. now owns 19,585 shares of the company's stock valued at $3,283,000 after purchasing an additional 199 shares during the period. Manhattan West Asset Management LLC grew its position in Procter & Gamble by 3.2% during the fourth quarter. Manhattan West Asset Management LLC now owns 31,579 shares of the company's stock valued at $5,294,000 after buying an additional 969 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Procter & Gamble by 1.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 767,283 shares of the company's stock worth $128,631,000 after acquiring an additional 9,629 shares during the last quarter. Elios Financial Group Inc. increased its stake in shares of Procter & Gamble by 6.8% in the 4th quarter. Elios Financial Group Inc. now owns 2,842 shares of the company's stock worth $477,000 after purchasing an additional 181 shares in the last quarter. Finally, Hobbs Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $221,000. Institutional investors own 65.77% of the company's stock.

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Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 1.3 %

PG stock traded up $2.20 during trading on Monday, hitting $169.11. The company had a trading volume of 9,877,341 shares, compared to its average volume of 7,051,166. The company has a 50 day simple moving average of $168.35 and a 200-day simple moving average of $168.59. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The firm has a market capitalization of $396.54 billion, a P/E ratio of 26.93, a PEG ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 67.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PG shares. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. DA Davidson reissued a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $181.50.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.