Investors Sell Procter & Gamble Co. (PG) on Strength (PG)
Investors sold shares of Procter & Gamble Co. (NYSE:PG) on strength during trading on Thursday. $72.09 million flowed into the stock on the tick-up and $100.25 million flowed out of the stock on the tick-down, for a money net flow of $28.16 million out of the stock. Of all companies tracked, Procter & Gamble Co. had the 0th highest net out-flow for the day. Procter & Gamble Co. traded up $0.08 for the day and closed at $86.05
A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating on shares of Procter & Gamble Co. in a report on Wednesday, April 27th. Morgan Stanley restated a “hold” rating on shares of Procter & Gamble Co. in a report on Wednesday, April 27th. B. Riley restated a “neutral” rating and issued a $74.00 target price on shares of Procter & Gamble Co. in a report on Wednesday, April 27th. SunTrust Banks Inc. restated a “buy” rating on shares of Procter & Gamble Co. in a report on Sunday, May 22nd. Finally, Stifel Nicolaus set a $93.00 price objective on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $86.30.
The firm has a 50 day moving average price of $84.92 and a 200-day moving average price of $82.43. The stock has a market cap of $235.71 billion and a price-to-earnings ratio of 23.23.
Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.83 billion. During the same quarter last year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts expect that Procter & Gamble Co. will post $3.90 earnings per share for the current year.
The business 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. The ex-dividend date is Wednesday, July 20th. This represents a $2.68 annualized dividend and a yield of 3.12%.
In other news, insider Carolyn M. Tastad sold 1,881 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $81.40, for a total value of $153,113.40. Following the sale, the insider now owns 62,294 shares in the company, valued at $5,070,731.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Patrice Louvet sold 8,385 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $79.60, for a total transaction of $667,446.00. Following the completion of the sale, the insider now owns 52,838 shares in the company, valued at approximately $4,205,904.80. The disclosure for this sale can be found here.
Other large investors have bought and sold shares of the company. Holderness Investments Co. increased its stake in 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. GM Advisory Group Inc. acquired a new stake in Procter & Gamble Co. during the fourth quarter worth $1,042,000. Insight 2811 Inc. increased its stake in 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. Brighton Jones LLC increased its stake in 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. Finally, Wellington Shields & Co. LLC increased its stake 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 worth $1,180,000 after buying an additional 1,288 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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