Investors Buy Shares of Procter & Gamble Co. (PG) on Weakness
Investors purchased shares of Procter & Gamble Co. (NYSE:PG) on weakness during trading hours on Monday. $101.75 million flowed into the stock on the tick-up and $64.22 million flowed out of the stock on the tick-down, for a money net flow of $37.53 million into the stock. Of all equities tracked, Procter & Gamble Co. had the 6th highest net in-flow for the day. Procter & Gamble Co. traded down ($0.08) for the day and closed at $85.93
A number of research firms have issued reports on PG. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $88.00 target price (up from $81.00) on shares of Procter & Gamble Co. in a research note on Friday. Zacks Investment Research lowered shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Monday, July 11th. Jefferies Group reissued a “buy” rating and set a $95.00 target price on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. B. Riley reissued a “neutral” rating and set a $74.00 target price on shares of Procter & Gamble Co. in a research note on Monday, April 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $76.00 target price on shares of Procter & Gamble Co. in a research note on Tuesday, April 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Procter & Gamble Co. presently has an average rating of “Hold” and an average target price of $84.63.
The company has a market cap of $228.73 billion and a PE ratio of 27.08. The firm’s 50-day moving average is $83.72 and its 200-day moving average is $81.69.
Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, April 26th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. During the same period in the prior year, the company posted $0.92 EPS. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.81 billion. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Co. will post $3.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, July 20th.
In related news, insider Gary A. Coombe sold 1,529 shares of the 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 transaction, the insider now directly owns 4,911 shares in the company, valued at approximately $404,469.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suranjan Magesvaran sold 4,336 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $82.00, for a total value of $355,552.00. Following the completion of the transaction, the insider now owns 11,560 shares in the company, valued at $947,920. The disclosure for this sale can be found here.
Several 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 worth $1,010,000 after buying an additional 214 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Procter & Gamble Co. by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 12,975 shares of the company’s stock worth $1,030,000 after buying an additional 60 shares in the last quarter. GM Advisory Group Inc. purchased a new position in shares of Procter & Gamble Co. during the fourth quarter worth about $1,042,000. Insight 2811 Inc. boosted its position in shares of Procter & Gamble Co. by 112.1% in the fourth quarter. Insight 2811 Inc. now owns 13,255 shares of the company’s stock worth $1,053,000 after buying an additional 7,005 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Procter & Gamble Co. by 2.0% in the fourth quarter. Brighton Jones LLC now owns 14,519 shares of the company’s stock worth $1,153,000 after buying an additional 291 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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