Shares of Procter & Gamble Co (NYSE:PG) hit a new 52-week high on Monday . The company traded as high as $98.39 and last traded at $98.27, with a volume of 8234384 shares changing hands. The stock had previously closed at $97.71.

A number of brokerages have issued reports on PG. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. SunTrust Banks raised their price objective on shares of Procter & Gamble to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 8th. Barclays reaffirmed a “hold” rating and issued a $94.00 price objective on shares of Procter & Gamble in a research note on Friday, January 25th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $95.00.

The stock has a market cap of $246.33 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. Equities analysts predict that Procter & Gamble Co will post 4.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be given a $0.7172 dividend. The ex-dividend date is Thursday, January 17th. This represents a $2.87 annualized dividend and a yield of 2.92%. Procter & Gamble’s dividend payout ratio is currently 68.01%.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 228,905 shares of Procter & Gamble stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total value of $21,031,791.40. Following the sale, the insider now directly owns 209,033 shares in the company, valued at approximately $19,205,952.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Valarie L. Sheppard sold 40,751 shares of Procter & Gamble stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total transaction of $3,746,239.43. The disclosure for this sale can be found here. Insiders sold a total of 463,487 shares of company stock worth $43,140,545 over the last ninety days. 1.84% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. SeaBridge Investment Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $36,000. Smart Portfolios LLC boosted its holdings in Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $62,000. Stevens First Principles Investment Advisors boosted its holdings in Procter & Gamble by 239.8% in the 4th quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after purchasing an additional 482 shares during the period. Finally, Larson Financial Group LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 61.36% of the company’s stock.

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Procter & Gamble Company Profile (NYSE:PG)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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