Investors Sell Procter & Gamble Co. (PG) on Strength (PG)
Traders sold shares of Procter & Gamble Co. (NYSE:PG) on strength during trading hours on Tuesday. $185.43 million flowed into the stock on the tick-up and $220.70 million flowed out of the stock on the tick-down, for a money net flow of $35.27 million out of the stock. Of all stocks tracked, Procter & Gamble Co. had the 3rd highest net out-flow for the day. Procter & Gamble Co. traded up $0.35 for the day and closed at $86.76
A number of equities analysts recently commented on PG shares. SunTrust Banks Inc. restated a “buy” rating on shares of Procter & Gamble Co. in a report on Sunday, May 22nd. Citigroup Inc. restated a “buy” rating and set a $90.00 target price on shares of Procter & Gamble Co. in a report on Wednesday, April 27th. Jefferies Group started coverage on Procter & Gamble Co. in a research note on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price objective for the company. Vetr upgraded Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 price objective for the company in a research note on Wednesday, June 15th. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble Co. from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.06.
The firm has a market cap of $230.94 billion and a PE ratio of 27.34. The firm’s 50 day moving average price is $84.69 and its 200-day moving average price is $82.36.
Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.83 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Procter & Gamble Co. will post $3.64 EPS for the current year.
The company also recently announced 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 yield of 3.09%. The ex-dividend date of this dividend is Wednesday, July 20th.
In other Procter & Gamble Co. news, Chairman Alan G. Lafley sold 85,925 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $82.00, for a total transaction of $7,045,850.00. Following the transaction, the chairman now owns 651,582 shares of the company’s stock, valued at approximately $53,429,724. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary A. Coombe sold 1,529 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. Oxbow Advisors LLC boosted its stake in shares of Procter & Gamble Co. by 20.6% in the fourth quarter. Oxbow Advisors LLC now owns 32,666 shares of the company’s stock worth $2,594,000 after buying an additional 5,570 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in shares of Procter & Gamble Co. by 5.3% in the fourth quarter. First Midwest Bank Trust Division now owns 62,776 shares of the company’s stock worth $4,985,000 after buying an additional 3,168 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in shares of Procter & Gamble Co. by 7.5% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 58,494 shares of the company’s stock worth $4,646,000 after buying an additional 4,072 shares during the last quarter. Intersect Capital LLC boosted its stake in shares of Procter & Gamble Co. by 8.3% in the fourth quarter. Intersect Capital LLC now owns 32,405 shares of the company’s stock worth $2,573,000 after buying an additional 2,471 shares during the last quarter. Finally, Fort Pitt Capital Group LLC bought a new stake in shares of Procter & Gamble Co. during the fourth quarter worth $1,704,000.
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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