Procter & Gamble (NYSE:PG) Shares Down 0.5% - Here's Why

Shares of The Procter & Gamble Company (NYSE:PG - Get Free Report) traded down 0.5% during mid-day trading on Monday . The company traded as low as $167.70 and last traded at $168.08. 1,553,678 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,642,572 shares. The stock had previously closed at $168.88.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays lowered shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Wolfe Research raised shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price target on the stock. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.89.

Procter & Gamble Stock Down 1.1 %

The company has a market cap of $394.31 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.73 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $171.15 and a 200-day simple moving average of $166.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble's dividend payout ratio (DPR) is 65.85%.

Insider Buying and Selling at Procter & Gamble

In related news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares in the company, valued at $6,325,360. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 13,041 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares of the company's stock, valued at approximately $6,325,360. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the business's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by insiders.

Hedge Funds Weigh In On Procter & Gamble

A number of large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in Procter & Gamble during the second quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company's stock worth $32,000 after acquiring an additional 77 shares in the last quarter. Finally, POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.