Shares of Procter & Gamble Co. (NYSE:PG) hit a new 52-week high on Friday . The company traded as high as $87.45 and last traded at $86.96, with a volume of 4,734,656 shares. The stock had previously closed at $86.73.

A number of brokerages recently weighed in on PG. JPMorgan Chase & Co. set a $99.00 price target on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Stifel Nicolaus set a $93.00 price objective on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. B. Riley reiterated a “neutral” rating and issued a $74.00 price objective on shares of Procter & Gamble Co. in a report on Wednesday, August 3rd. Vetr upgraded shares of Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $94.44 price objective on the stock in a report on Friday. Finally, Bank of America Corp. set a $95.00 price objective on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.82.

The company has a market capitalization of $239.24 billion and a price-to-earnings ratio of 23.576. The stock’s 50-day moving average is $85.26 and its 200-day moving average is $82.70.

Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Procter & Gamble Co. will post $3.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be issued a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, July 20th.

In other news, Director Ernesto Zedillo sold 3,760 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $86.80, for a total transaction of $326,368.00. Following the completion of the transaction, the director now directly owns 44,489 shares of the company’s stock, valued at approximately $3,861,645.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 1,881 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $81.40, for a total transaction of $153,113.40. Following the transaction, the insider now directly owns 62,294 shares of the company’s stock, valued at $5,070,731.60. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Procter & Gamble Co. by 0.8% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 15,859 shares of the company’s stock valued at $1,259,000 after buying an additional 120 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Procter & Gamble Co. by 0.4% in the fourth quarter. Wedbush Securities Inc. now owns 34,936 shares of the company’s stock valued at $2,774,000 after buying an additional 122 shares in the last quarter. Navellier & Associates Inc increased its position in shares of Procter & Gamble Co. by 0.9% in the fourth quarter. Navellier & Associates Inc now owns 16,434 shares of the company’s stock valued at $1,305,000 after buying an additional 151 shares in the last quarter. Holderness Investments Co. increased its position in shares of Procter & Gamble Co. by 1.7% in the fourth quarter. Holderness Investments Co. now owns 12,723 shares of the company’s stock valued at $1,010,000 after buying an additional 214 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of Procter & Gamble Co. by 2.0% in the fourth quarter. Brighton Jones LLC now owns 14,519 shares of the company’s stock valued at $1,153,000 after buying an additional 291 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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