Traders Buy Shares of Procter & Gamble Co. (PG) on Weakness
Traders purchased shares of Procter & Gamble Co. (NYSE:PG) on weakness during trading hours on Thursday. $150.75 million flowed into the stock on the tick-up and $137.10 million flowed out of the stock on the tick-down, for a money net flow of $13.65 million into the stock. Of all equities tracked, Procter & Gamble Co. had the 21st highest net in-flow for the day. Procter & Gamble Co. traded down ($0.02) for the day and closed at $85.87
A number of equities analysts have issued reports on PG shares. B. Riley cut their price target on Procter & Gamble Co. from $81.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Barclays PLC increased their price target on Procter & Gamble Co. from $79.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday, March 21st. Zacks Investment Research upgraded Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Monday, March 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 target price on shares of Procter & Gamble Co. in a report on Tuesday, April 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $95.00 target price on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Procter & Gamble Co. currently has an average rating of “Hold” and an average target price of $84.63.
The stock has a market capitalization of $228.95 billion and a P/E ratio of 27.11. The firm has a 50 day moving average of $83.59 and a 200 day moving average of $81.62.
Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.81 billion. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. On average, equities research analysts forecast that Procter & Gamble Co. will post $3.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be issued a dividend of $0.6695 per share. The ex-dividend date is Wednesday, July 20th. This represents a $2.68 annualized dividend and a dividend yield of 3.11%.
In other news, Chairman Alan G. Lafley sold 171,850 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $80.51, for a total transaction of $13,835,643.50. Following the completion of the transaction, the chairman now directly owns 568,153 shares in the company, valued at $45,741,998.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $82.36, for a total value of $125,928.44. Following the transaction, the insider now owns 4,911 shares of the company’s stock, valued at $404,469.96. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. Toth Financial increased its stake in Procter & Gamble Co. by 3.0% in the fourth quarter. Toth Financial now owns 57,603 shares of the company’s stock valued at $4,574,000 after buying an additional 1,675 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in Procter & Gamble Co. by 24.6% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 19,526 shares of the company’s stock valued at $1,551,000 after buying an additional 3,858 shares during the last quarter. Papp L Roy & Associates increased its stake in Procter & Gamble Co. by 0.6% in the fourth quarter. Papp L Roy & Associates now owns 77,296 shares of the company’s stock valued at $6,138,000 after buying an additional 475 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in Procter & Gamble Co. by 7.5% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 58,494 shares of the company’s stock valued at $4,646,000 after buying an additional 4,072 shares during the last quarter. Finally, Russell Frank Co increased its stake in Procter & Gamble Co. by 9.5% in the fourth quarter. Russell Frank Co now owns 4,505,241 shares of the company’s stock valued at $360,755,000 after buying an additional 392,539 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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