Traders Purchase High Volume of Call Options on Procter & Gamble Company (The) (PG)
Procter & Gamble Company (The) (NYSE:PG) was the recipient of unusually large options trading activity on Monday. Stock investors bought 35,861 call options on the stock. This is an increase of approximately 509% compared to the average daily volume of 5,886 call options.
Procter & Gamble Company (PG) opened at 91.92 on Thursday. The company has a market capitalization of $234.70 billion, a P/E ratio of 16.43 and a beta of 0.68. The stock has a 50 day moving average of $88.75 and a 200-day moving average of $88.72. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.00.
Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.52% and a net margin of 23.56%. The business had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.00%. Procter & Gamble Company (The)’s dividend payout ratio is 49.37%.
Several research firms have recently issued reports on PG. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $103.00 target price (up from $101.00) on shares of Procter & Gamble Company (The) in a research note on Tuesday, April 18th. Stifel Nicolaus restated a “hold” rating and issued a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.21.
In other news, insider Ioannis Skoufalos sold 3,879 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total value of $334,253.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. Insiders have sold 203,898 shares of company stock valued at $17,666,387 in the last ninety days. 0.35% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baltimore Washington Financial Advisors Inc. acquired a new position in Procter & Gamble Company (The) during the fourth quarter worth about $8,515,000. Asset Planning Services Ltd. boosted its position in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares in the last quarter. Blume Capital Management Inc. boosted its position in Procter & Gamble Company (The) by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its position in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares in the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.
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Procter & Gamble Company (The) Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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