Procter & Gamble Co. (NYSE:PG) saw unusually-strong trading volume on Thursday . Approximately 18,956,554 shares changed hands during trading, an increase of 114% from the previous session’s volume of 8,856,961 shares.The stock last traded at $88.03 and had previously closed at $87.31.

A number of research analysts have recently commented on PG shares. Jefferies Group reissued a “buy” rating and set a $95.00 target price on shares of Procter & Gamble Co. in a research report on Thursday, June 23rd. Vetr raised shares of Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 target price on the stock in a research report on Wednesday, June 15th. SunTrust Banks Inc. reissued a “buy” rating on shares of Procter & Gamble Co. in a research report on Sunday, May 22nd. Deutsche Bank AG reissued a “buy” rating and set a $92.00 target price (up from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Finally, Stifel Nicolaus boosted their target price on shares of Procter & Gamble Co. from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.08.

The company has a market capitalization of $235.68 billion and a PE ratio of 23.91. The stock’s 50-day moving average price is $86.41 and its 200 day moving average price is $83.40.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data 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. During the same quarter in the previous year, the business posted $1.00 EPS. The company earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. The company’s revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that Procter & Gamble Co. will post $3.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were paid a $0.6695 dividend. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $2.68 annualized dividend and a dividend yield of 3.03%.

In related news, insider Charles E. Pierce sold 55,127 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $86.07, for a total value of $4,744,780.89. Following the completion of the transaction, the insider now directly owns 60,632 shares of the company’s stock, valued at $5,218,596.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, 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.

Other hedge funds and institutional investors have recently modified their holdings of the company. Holderness Investments Co. boosted 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 during the period. Wellington Shields & Co. LLC boosted its position in shares of Procter & Gamble Co. by 9.5% in the fourth quarter. Wellington Shields & Co. LLC now owns 14,863 shares of the company’s stock valued at $1,180,000 after buying an additional 1,288 shares during the period. Private Capital Management Inc. purchased a new position in shares of Procter & Gamble Co. during the fourth quarter valued at approximately $1,767,000. CG Asset Management LLC purchased a new position in shares of Procter & Gamble Co. during the fourth quarter valued at approximately $2,161,000. Finally, Birch Hill Investment Advisors LLC boosted its position in shares of Procter & Gamble Co. by 4.1% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 54,901 shares of the company’s stock valued at $4,360,000 after buying an additional 2,168 shares during the period.

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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