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

A number of research firms recently weighed in on PG. B. Riley reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Procter & Gamble Co. in a research note on Wednesday, August 3rd. Atlantic Securities began 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 objective for the company. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Procter & Gamble Co. in a research note on Sunday, May 22nd. Vetr upgraded shares of Procter & Gamble Co. from a “sell” rating to a “strong-buy” rating and set a $91.97 target price for the company in a report on Wednesday, June 1st. Finally, JPMorgan Chase & Co. set a $99.00 target price on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $89.08.

The stock’s 50-day moving average price is $86.53 and its 200 day moving average price is $83.47. The firm has a market cap of $235.38 billion and a PE ratio of 23.88.

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

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

In other Procter & Gamble Co. news, 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 transaction, the chief executive officer now owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey K. Schomburger sold 2,603 shares of Procter & Gamble Co. stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.16, for a total value of $226,877.48. Following the transaction, the insider now directly owns 33,188 shares in the company, valued at approximately $2,892,666.08. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in 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 during the period. Foresters Investment Management Company Inc. raised its position in 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 during the period. Advantus Capital Management Inc raised its position in 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 during the period. Madison Investment Holdings Inc. raised its position in 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 during the period. Finally, Wellington Shields & Co. LLC raised its position in 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.

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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