Procter & Gamble Company (The) (NYSE:PG) posted its earnings results on Friday. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02, Bloomberg Earnings reports. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis.

Procter & Gamble Company (NYSE PG) traded down 3.65% on Friday, reaching $88.25. The company had a trading volume of 19,997,800 shares. The firm has a 50-day moving average of $92.46 and a 200-day moving average of $89.85. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.67. The stock has a market capitalization of $225.04 billion, a P/E ratio of 15.78 and a beta of 0.67.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be paid a dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.13%. Procter & Gamble Company (The)’s payout ratio is 48.51%.

In other news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $587,399.28. Following the sale, the chief executive officer now owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,648 shares of company stock valued at $4,481,621. 0.35% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in PG. Reilly Financial Advisors LLC grew its stake in shares of Procter & Gamble Company (The) by 4.4% during the first quarter. Reilly Financial Advisors LLC now owns 23,670 shares of the company’s stock valued at $2,127,000 after acquiring an additional 1,006 shares in the last quarter. Harvey Capital Management Inc. grew its stake in shares of Procter & Gamble Company (The) by 6.7% during the first quarter. Harvey Capital Management Inc. now owns 3,200 shares of the company’s stock valued at $287,000 after acquiring an additional 200 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Procter & Gamble Company (The) by 0.8% during the first quarter. Farmers & Merchants Investments Inc. now owns 130,724 shares of the company’s stock valued at $11,746,000 after acquiring an additional 1,087 shares in the last quarter. Vicus Capital grew its stake in shares of Procter & Gamble Company (The) by 24.9% during the first quarter. Vicus Capital now owns 15,270 shares of the company’s stock valued at $1,372,000 after acquiring an additional 3,049 shares in the last quarter. Finally, Somerset Trust Co grew its stake in shares of Procter & Gamble Company (The) by 1.9% during the first quarter. Somerset Trust Co now owns 12,530 shares of the company’s stock valued at $1,126,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 59.28% of the company’s stock.

PG has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a research report on Monday, July 3rd. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus price target of $89.11.

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Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Earnings History for Procter & Gamble Company (The) (NYSE:PG)

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