Procter & Gamble (NYSE:PG) Stock Price Down 0% - Should You Sell?

The Procter & Gamble Company (NYSE:PG - Get Free Report) was down 0% during mid-day trading on Thursday . The company traded as low as $167.35 and last traded at $169.03. Approximately 1,404,281 shares changed hands during trading, a decline of 79% from the average daily volume of 6,661,686 shares. The stock had previously closed at $169.08.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Hsbc Global Res upgraded shares of Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. DA Davidson upgraded shares of Procter & Gamble from a "neutral" rating to a "buy" rating and boosted their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. Finally, Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $180.45.

Procter & Gamble Price Performance

The company has a market capitalization of $398.45 billion, a P/E ratio of 29.17, a PEG ratio of 3.70 and a beta of 0.44. The stock's fifty day simple moving average is $170.86 and its 200-day simple moving average is $169.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter last year, the firm posted $1.83 EPS. The company's revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, October 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 69.31%.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 7,007 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company's stock, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,080 shares of company stock worth $14,629,038 in the last ninety days. Insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after acquiring an additional 4,035 shares in the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble during the third quarter worth $668,000. Synovus Financial Corp increased its stake in shares of Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company's stock valued at $32,065,000 after buying an additional 6,077 shares in the last quarter. Radnor Capital Management LLC bought a new position in shares of Procter & Gamble in the third quarter valued at about $5,705,000. Finally, Welch Group LLC grew its holdings in Procter & Gamble by 0.9% during the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company's stock worth $56,094,000 after acquiring an additional 2,990 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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.