Procter & Gamble Co. (NYSE:PG) saw unusually-strong trading volume on Thursday . Approximately 18,956,554 shares changed hands during mid-day 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 recently weighed in on PG shares. Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. Johnson Rice raised shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Zacks Investment Research lowered shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a research note on Sunday, July 24th. Finally, Atlantic Securities initiated coverage on shares of Procter & Gamble Co. in a research note on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $89.08.

The firm has a market capitalization of $235.38 billion and a price-to-earnings ratio of 23.88. The company has a 50-day moving average of $86.53 and a 200-day moving average of $83.47.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were issued a dividend of $0.6695 per share. This represents a $2.68 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, July 20th.

In other Procter & Gamble Co. news, CEO David S. Taylor sold 50,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $87.16, for a total transaction of $4,358,000.00. Following the completion of the transaction, the chief executive officer now directly owns 137,068 shares of the company’s stock, valued at approximately $11,946,846.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in PG. Foresters Investment Management Company Inc. raised its position 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 valued at $20,734,000 after buying an additional 7,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $501,080,000 after buying an additional 135,322 shares in the last quarter. Advantus Capital Management Inc raised its position 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 valued at $20,658,000 after buying an additional 5,467 shares in the last quarter. Mutual of America Capital Management LLC raised its position 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 valued at $26,606,000 after buying an additional 880 shares in the last quarter. Finally, Madison Investment Holdings Inc. raised its position in shares of Procter & Gamble Co. by 14.8% in the fourth quarter. Madison Investment Holdings Inc. now owns 198,128 shares of the company’s stock valued at $15,733,000 after buying an additional 25,488 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.