Procter & Gamble Co. (NYSE:PG)’s share price dropped 1.1% on Wednesday . The stock traded as low as $85.13 and last traded at $85.24, with a volume of 4,339,987 shares changing hands. The stock had previously closed at $86.17.

PG has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $88.00 price objective (up previously from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. B. Riley cut their target price on shares of Procter & Gamble Co. from $81.00 to $74.00 and set a “neutral” rating for the company in a research note on Wednesday, March 30th. Zacks Investment Research downgraded shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Monday, July 11th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $89.00 target price on shares of Procter & Gamble Co. in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.63.

The company has a market cap of $227.11 billion and a PE ratio of 26.89. The firm has a 50 day moving average price of $83.92 and a 200-day moving average price of $81.74.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm earned $15.80 billion during the quarter, compared to the consensus estimate of $15.81 billion. During the same period last year, the business earned $0.92 EPS. Procter & Gamble Co.’s revenue was down 6.9% on a year-over-year basis. Equities analysts expect that Procter & Gamble Co. will post $3.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, July 20th.

In other news, Chairman Alan G. Lafley sold 171,850 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $80.51, for a total value of $13,835,643.50. Following the completion of the sale, the chairman now directly owns 568,153 shares of the company’s stock, valued at approximately $45,741,998.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $82.36, for a total transaction of $125,928.44. Following the completion of the sale, the insider now directly owns 4,911 shares of the company’s stock, valued at $404,469.96. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of PG. Agran Libbie boosted its stake in Procter & Gamble Co. by 9,765.5% in the fourth quarter. Agran Libbie now owns 8,718,542 shares of the company’s stock valued at $6,923,000 after buying an additional 8,630,168 shares in the last quarter. California Public Employees Retirement System boosted its stake in Procter & Gamble Co. by 0.3% in the fourth quarter. California Public Employees Retirement System now owns 7,336,955 shares of the company’s stock valued at $582,628,000 after buying an additional 20,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Procter & Gamble Co. by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,309,663 shares of the company’s stock valued at $501,080,000 after buying an additional 135,322 shares in the last quarter. Swiss National Bank boosted its stake in Procter & Gamble Co. by 1.2% in the fourth quarter. Swiss National Bank now owns 5,856,566 shares of the company’s stock valued at $465,070,000 after buying an additional 67,200 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Procter & Gamble Co. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 5,187,498 shares of the company’s stock valued at $411,939,000 after buying an additional 82,046 shares in the last quarter.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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