Procter & Gamble Co. (NYSE:PG) reached a new 52-week high during trading on Friday . The stock traded as high as $88.87 and last traded at $88.49, with a volume of 7,627,636 shares traded. The stock had previously closed at $88.31.

PG has been the subject of several recent research reports. 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 for the company 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 equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Procter & Gamble Co. presently has a consensus rating of “Buy” and an average target price of $89.08.

The stock has a 50 day moving average of $86.47 and a 200-day moving average of $83.44. The stock has a market cap of $236.34 billion and a price-to-earnings ratio of 23.9732.

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 consensus estimate of $0.74 by $0.05. The firm earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. On average, equities analysts anticipate that Procter & Gamble Co. will post $3.88 earnings per share for the current fiscal year.

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

In other news, CFO Jon R. Moeller sold 272,591 shares of Procter & Gamble Co. stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $85.94, for a total value of $23,426,470.54. Following the completion of the sale, the chief financial officer now directly owns 164,269 shares in the company, valued at $14,117,277.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 72,525 shares of Procter & Gamble Co. stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the completion of the sale, the chief executive officer now owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. American International Group Inc. raised its stake in shares of Procter & Gamble Co. by 16.9% in the fourth quarter. American International Group Inc. now owns 5,966,310 shares of the company’s stock worth $473,785,000 after buying an additional 862,057 shares in the last quarter. Foresters Investment Management Company Inc. raised its stake in shares of Procter & Gamble Co. by 2.8% in the fourth quarter. Foresters Investment Management Company Inc. now owns 261,100 shares of the company’s stock worth $20,734,000 after buying an additional 7,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 in the last quarter. Advantus Capital Management Inc raised its stake in shares of Procter & Gamble Co. by 2.1% in the fourth quarter. Advantus Capital Management Inc now owns 260,146 shares of the company’s stock worth $20,658,000 after buying an additional 5,467 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Procter & Gamble Co. by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 335,044 shares of the company’s stock worth $26,606,000 after buying an additional 880 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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