Procter & Gamble (NYSE:PG - Get Free Report) announced its earnings results on Thursday. The company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03), Zacks reports. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the firm posted $1.52 EPS.
Procter & Gamble Stock Performance
PG stock traded up $1.51 during trading on Friday, reaching $161.04. The stock had a trading volume of 12,892,765 shares, compared to its average volume of 7,124,247. The firm has a market cap of $377.61 billion, a PE ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $168.16 and its two-hundred day moving average is $168.32. Procter & Gamble has a 52 week low of $156.58 and a 52 week high of $180.43.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.62%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.
Analyst Ratings Changes
Several research firms recently weighed in on PG. Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday. Raymond James lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $180.79.
Check Out Our Latest Research Report on PG
Insider Buying and Selling at Procter & Gamble
In other news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company's stock.
Institutional Trading of Procter & Gamble
A hedge fund recently raised its stake in Procter & Gamble stock. Brighton Jones LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,068 shares of the company's stock after acquiring an additional 13,617 shares during the quarter. Brighton Jones LLC's holdings in Procter & Gamble were worth $6,717,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 65.77% of the company's stock.
Procter & Gamble Company Profile
(
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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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