Hilltop Holdings Inc. Boosts Stake 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% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,088 shares of the company’s stock after buying 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 SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after acquiring an additional 4,035 shares during the period. Radnor Capital Management LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $5,705,000. Welch Group LLC increased its holdings in shares of Procter & Gamble by 0.9% in the third quarter. Welch Group LLC now owns 323,870 shares of the company’s stock valued at $56,094,000 after purchasing an additional 2,990 shares during the period. Swiss National Bank raised its stake in shares of Procter & Gamble by 0.6% during the third quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock worth $1,213,403,000 after purchasing an additional 39,000 shares during the last quarter. Finally, Curi RMB Capital LLC grew its position in Procter & Gamble by 20.3% in the 3rd quarter. Curi RMB Capital LLC now owns 21,655 shares of the company’s stock valued at $3,751,000 after buying an additional 3,652 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $209.00 in a research report on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on 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 in the company, valued at $46,203,373.80. This represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,080 shares of company stock worth $14,629,038. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.3 %

Shares of NYSE:PG opened at $179.71 on Tuesday. The company has a market capitalization of $423.22 billion, a P/E ratio of 30.98, a P/E/G ratio of 3.86 and a beta of 0.44. The stock’s fifty day simple moving average is $170.48 and its 200-day simple moving average is $169.11. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

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

About Procter & Gamble

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.