Traders Buy Procter & Gamble (PG) on Weakness
Traders bought shares of Procter & Gamble Co (NYSE:PG) on weakness during trading hours on Friday. $161.22 million flowed into the stock on the tick-up and $118.81 million flowed out of the stock on the tick-down, for a money net flow of $42.41 million into the stock. Of all equities tracked, Procter & Gamble had the 18th highest net in-flow for the day. Procter & Gamble traded down ($0.54) for the day and closed at $89.61
Several equities analysts have recently weighed in on the company. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a report on Monday, October 23rd. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday. Jefferies Group restated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a report on Monday, December 18th. Bank of America raised their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $89.31.
The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market cap of $227,340.00, a PE ratio of 23.96, a P/E/G ratio of 2.93 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.73% and a net margin of 17.23%. The company had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same period last year, the firm posted $1.03 earnings per share. Procter & Gamble’s revenue was up .8% compared to the same quarter last year. sell-side analysts forecast that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.08%. Procter & Gamble’s payout ratio is 73.80%.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of 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. Insiders sold 21,575 shares of company stock worth $1,927,095 over the last three months. Insiders own 0.35% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. raised its stake in shares of Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. raised its stake in Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares during the period. Truepoint Inc. raised its stake in Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares during the period. Finally, Legal & General Group Plc raised its stake in Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares during the period. 59.56% of the stock is currently owned by institutional investors and hedge funds.
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Procter & Gamble 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.
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