The Procter & Gamble Company (NYSE:PG - Get Free Report)'s stock price traded down 0% during trading on Friday . The company traded as low as $170.12 and last traded at $170.77. 781,439 shares were traded during mid-day trading, a decline of 88% from the average session volume of 6,673,486 shares. The stock had previously closed at $170.85.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. 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. Barclays lowered shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. Evercore ISI increased their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Morgan Stanley boosted their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, DZ Bank raised 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. Eight research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $180.45.
View Our Latest Analysis on PG
Procter & Gamble Stock Performance
The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $403.23 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The firm has a 50 day moving average price of $170.69 and a two-hundred day moving average price of $169.51.
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 (EPS) for the quarter, topping 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 firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the company posted $1.83 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's payout ratio is 69.48%.
Insider Buying and Selling at Procter & Gamble
In other news, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company's stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the sale, the chief executive officer now owns 269,172 shares of the company's stock, valued at approximately $46,203,373.80. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,080 shares of company stock worth $14,629,038. 0.18% of the stock is currently owned by insiders.
Institutional Trading of Procter & Gamble
Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares during the period. FMR LLC raised its stake in Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company's stock worth $4,599,554,000 after buying an additional 689,282 shares during the period. Legal & General Group Plc lifted its holdings in Procter & Gamble by 0.6% during the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after acquiring an additional 122,190 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock worth $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Procter & Gamble by 4.7% during the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company's stock worth $3,183,522,000 after purchasing an additional 830,476 shares during the period. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Company Profile
(
Get Free Report)
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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