The Procter & Gamble Company (NYSE:PG - Get Free Report) shares were down 1.2% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $177.28 and last traded at $177.58. Approximately 1,689,675 shares changed hands during trading, a decline of 75% from the average daily volume of 6,698,413 shares. The stock had previously closed at $179.70.
Specifically, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Hsbc Global Res upgraded Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a report on Monday, October 21st. DZ Bank raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Thursday, August 29th. Wells Fargo & Company lifted 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. Finally, JPMorgan Chase & Co. raised their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.45.
View Our Latest Report on Procter & Gamble
Procter & Gamble Stock Down 2.4 %
The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $413.12 billion, a P/E ratio of 30.24, a P/E/G ratio of 3.87 and a beta of 0.44. The business has a fifty day moving average of $170.64 and a 200 day moving average of $169.25.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business 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 earned $1.83 EPS. Procter & Gamble's quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's payout ratio is presently 69.31%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the 2nd quarter valued at $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the third quarter worth about $33,000. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $36,000. 65.77% of the stock is owned by institutional investors and hedge funds.
About Procter & Gamble
(
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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.
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