Procter & Gamble Co. (NYSE:PG) shares hit a new 52-week high on Thursday . The company traded as high as $87.75 and last traded at $87.75, with a volume of 3,337,396 shares. The stock had previously closed at $87.31.

A number of brokerages recently weighed in on PG. B. Riley reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Procter & Gamble Co. in a report on Wednesday, August 3rd. Atlantic Securities started coverage on Procter & Gamble Co. in a report on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 target price on the stock. SunTrust Banks Inc. reissued a “buy” rating on shares of Procter & Gamble Co. in a report on Sunday, May 22nd. Vetr lowered Procter & Gamble Co. from a “sell” rating to a “strong sell” rating and set a $68.89 target price on the stock. in a report on Monday, May 2nd. Finally, JPMorgan Chase & Co. set a $99.00 target price on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.08.

The stock’s 50 day moving average price is $86.24 and its 200-day moving average price is $83.25. The company has a market capitalization of $233.73 billion and a price-to-earnings ratio of 23.71.

Procter & Gamble Co. (NYSE:PG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ 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. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Equities research analysts expect that Procter & Gamble Co. will post $3.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Wednesday, July 20th.

In other news, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $82.36, for a total value of $125,928.44. Following the completion of the sale, the insider now owns 4,911 shares of the company’s stock, valued at $404,469.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Valarie L. Sheppard sold 32,532 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $86.90, for a total value of $2,827,030.80. Following the completion of the sale, the senior vice president now directly owns 28,397 shares of the company’s stock, valued at approximately $2,467,699.30. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in PG. 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 worth $582,628,000 after buying an additional 20,199 shares during the last quarter. Westbourne Investment Advisors Inc. boosted its stake in Procter & Gamble Co. by 49.7% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 15,390 shares of the company’s stock worth $1,222,000 after buying an additional 5,110 shares during 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 worth $501,080,000 after buying an additional 135,322 shares during the last quarter. Smith Asset Management Group LP boosted its stake in Procter & Gamble Co. by 53,840.5% in the fourth quarter. Smith Asset Management Group LP now owns 19,958 shares of the company’s stock worth $1,585,000 after buying an additional 19,921 shares during the last quarter. Finally, Wafra Investment Advisory Group Inc. NY boosted its stake in Procter & Gamble Co. by 71.3% in the fourth quarter. Wafra Investment Advisory Group Inc. NY now owns 314,604 shares of the company’s stock worth $24,983,000 after buying an additional 130,987 shares during 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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