Hollencrest Capital Management Buys 427 Shares of The Procter & Gamble Company (NYSE:PG)

Hollencrest Capital Management boosted its stake in The Procter & Gamble Company (NYSE:PG) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,541 shares of the company’s stock after purchasing an additional 427 shares during the quarter. Hollencrest Capital Management’s holdings in Procter & Gamble were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Burt Wealth Advisors boosted its stake in Procter & Gamble by 4.8% during the 3rd quarter. Burt Wealth Advisors now owns 9,098 shares of the company’s stock worth $1,576,000 after acquiring an additional 419 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $268,000. Philip James Wealth Mangement LLC raised its stake in Procter & Gamble by 107.7% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,206 shares of the company’s stock worth $902,000 after buying an additional 2,700 shares during the period. Stiles Financial Services Inc grew its stake in Procter & Gamble by 2.0% in the third quarter. Stiles Financial Services Inc now owns 22,523 shares of the company’s stock valued at $3,901,000 after acquiring an additional 445 shares during the period. Finally, Financial Strategies Group Inc. raised its position in shares of Procter & Gamble by 5.2% during the third quarter. Financial Strategies Group Inc. now owns 32,174 shares of the company’s stock worth $5,550,000 after purchasing an additional 1,601 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PG. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson increased their target price on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Up 2.6 %

PG stock opened at $167.73 on Friday. The business’s 50 day simple moving average is $171.08 and its 200 day simple moving average is $168.15. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm has a market capitalization of $395.01 billion, a PE ratio of 28.92, a PEG ratio of 3.48 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 69.31%.

Insider Transactions at Procter & Gamble

In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at approximately $44,508,763.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,597 shares of company stock worth $53,268,499. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.