Procter & Gamble (NYSE:PG) Trading 0.3% Higher - Time to Buy?

The Procter & Gamble Company (NYSE:PG - Get Free Report) traded up 0.3% on Tuesday . The company traded as high as $162.15 and last traded at $161.67. 1,951,104 shares were traded during mid-day trading, a decline of 69% from the average session volume of 6,395,069 shares. The stock had previously closed at $161.13.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PG shares. DA Davidson restated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. UBS Group reduced their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Wells Fargo & Company decreased their price objective on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler started coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 target price on the stock. 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $179.65.

Procter & Gamble Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average price is $169.09 and its two-hundred day moving average price is $169.44. The firm has a market capitalization of $380.54 billion, a PE ratio of 27.83, a PEG ratio of 3.63 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data 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. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The business's revenue was down .6% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble's dividend payout ratio (DPR) is currently 69.48%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 73,447 shares of company stock worth $12,978,820. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

Large investors have recently modified their holdings of the company. Fiera Capital Corp grew its holdings in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company's stock valued at $3,412,000 after purchasing an additional 19,013 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Procter & Gamble by 9.8% during the second quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company's stock valued at $1,297,000 after acquiring an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the second quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its holdings in Procter & Gamble by 36.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company's stock worth $2,352,000 after purchasing an additional 3,932 shares during the last quarter. Finally, Harmony Asset Management LLC boosted its stake in shares of Procter & Gamble by 23.9% during the 2nd quarter. Harmony Asset Management LLC now owns 2,402 shares of the company's stock valued at $396,000 after buying an additional 464 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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