Investors purchased shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading hours on Wednesday. $12.23 million flowed into the stock on the tick-up and $1.70 million flowed out of the stock on the tick-down, for a money net flow of $10.53 million into the stock. Of all companies tracked, Procter & Gamble Company (The) had the 4th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.03) for the day and closed at $92.69

Several research analysts have weighed in on PG shares. Vetr upgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 target price on the stock in a research report on Thursday, May 18th. 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. Deutsche Bank AG restated a “hold” rating and set a $92.00 target price (up from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.48.

The stock’s 50-day moving average is $91.20 and its 200 day moving average is $89.44. The stock has a market cap of $236.44 billion, a price-to-earnings ratio of 16.58 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. On average, analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark F. Biegger sold 2,660 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares in the company, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,792 shares of company stock worth $4,216,070. 0.35% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Asset Planning Services Ltd. boosted its holdings in shares of Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after purchasing an additional 526 shares during the period. Harding Loevner LP acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth approximately $119,000. Blume Capital Management Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the period. Finally, Edge Wealth Management LLC boosted its holdings in shares of Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 59.33% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/09/06/traders-buy-procter-gamble-company-the-pg-on-weakness-2.html.

About Procter & Gamble Company (The)

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.