Traders Buy Procter & Gamble (PG) on Weakness After Insider Selling
Traders purchased shares of Procter & Gamble Co (NYSE:PG) on weakness during trading on Friday following insider selling activity. $265.93 million flowed into the stock on the tick-up and $153.36 million flowed out of the stock on the tick-down, for a money net flow of $112.57 million into the stock. Of all companies tracked, Procter & Gamble had the 16th highest net in-flow for the day. Procter & Gamble traded down ($1.60) for the day and closed at $84.25Specifically, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the transaction, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. In the last three months, insiders sold 80,344 shares of company stock valued at $7,118,970. 0.35% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price objective on shares of Procter & Gamble in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a report on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.38.
The company has a market capitalization of $213,740.00, a P/E ratio of 22.47, a P/E/G ratio of 2.69 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is 73.60%.
Institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $103,000. Asset Planning Services Ltd. raised its stake in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the period. Cerebellum GP LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $122,000. Harding Loevner LP bought a new stake in Procter & Gamble in the 2nd quarter valued at about $119,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 59.65% of the company’s stock.
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About Procter & Gamble
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.
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