Hilltop Holdings Inc. Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Hilltop Holdings Inc. increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 76.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,088 shares of the company’s stock after purchasing an additional 15,615 shares during the quarter. Hilltop Holdings Inc.’s holdings in Procter & Gamble were worth $6,250,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the second quarter worth about $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $33,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $34,000. Finally, Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $36,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the sale, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at $46,203,373.80. The trade was a 2.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,080 shares of company stock worth $14,629,038. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Up 0.3 %

NYSE PG opened at $179.71 on Tuesday. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. The firm has a 50 day simple moving average of $170.48 and a 200-day simple moving average of $169.11. The firm has a market cap of $423.22 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 3.86 and a beta of 0.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. DA Davidson upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the company from $160.00 to $209.00 in a report on Monday, November 25th. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.