Procter & Gamble (NYSE:PG) Stock Price Down 1.4% - Should You Sell?

Shares of The Procter & Gamble Company (NYSE:PG - Get Free Report) traded down 1.4% on Friday . The company traded as low as $158.75 and last traded at $159.84. 2,286,284 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 5,811,508 shares. The stock had previously closed at $162.10.

Analysts Set New Price Targets

Several research firms have commented on PG. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Barclays lowered 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. Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price target for the company. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.75.

Procter & Gamble Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $373.82 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.70 and a beta of 0.45. The stock has a 50 day moving average price of $169.64 and a two-hundred day moving average price of $169.57.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock valued at $13,317,460. Insiders own 0.18% of the company's stock.

Institutional Trading of Procter & Gamble

Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the second quarter worth $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble during the 2nd quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth $33,000. Quest Partners LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Procter & Gamble during the second quarter worth about $44,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Company Profile

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.