Procter & Gamble (NYSE:PG) Trading Down 1.3% - Here's What Happened

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s share price fell 1.3% during mid-day trading on Monday . The stock traded as low as $168.87 and last traded at $169.05. 1,195,728 shares were traded during trading, a decline of 82% from the average session volume of 6,664,811 shares. The stock had previously closed at $171.28.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a "buy" rating and a $189.00 target price for the company. Wolfe Research upgraded Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Thursday, August 29th. Citigroup lifted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating and dropped their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $177.00.

Procter & Gamble Stock Down 1.0 %

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 firm's 50 day simple moving average is $171.77 and its 200-day simple moving average is $167.24. The stock has a market capitalization of $400.18 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.74 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble's dividend payout ratio is presently 65.69%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company's stock, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was 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 of the company's stock, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 383,194 shares of company stock worth $65,140,718 in the last ninety days. Insiders own 0.17% of the company's stock.

Institutional Trading of Procter & Gamble

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steele Capital Management Inc. bought a new stake in Procter & Gamble in the 1st quarter valued at about $204,000. GAMMA Investing LLC boosted its holdings in Procter & Gamble by 67.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,803 shares of the company's stock valued at $4,420,000 after purchasing an additional 10,777 shares during the period. Consilio Wealth Advisors LLC boosted its holdings in Procter & Gamble by 27.7% in the 1st quarter. Consilio Wealth Advisors LLC now owns 1,746 shares of the company's stock valued at $283,000 after purchasing an additional 379 shares during the period. AMF Tjanstepension AB boosted its holdings in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the period. Finally, Talbot Financial LLC boosted its holdings in Procter & Gamble by 1.5% in the 1st quarter. Talbot Financial LLC now owns 65,600 shares of the company's stock valued at $10,644,000 after purchasing an additional 950 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.