Procter & Gamble (NYSE:PG) Shares Down 1.9% - Should You Sell?

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s share price dropped 1.9% on Tuesday . The stock traded as low as $162.20 and last traded at $162.57. Approximately 1,893,869 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 6,476,854 shares. The stock had previously closed at $165.65.

Wall Street Analyst Weigh In

Several analysts have issued reports on PG shares. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Piper Sandler dropped their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $181.82.

Procter & Gamble Stock Down 0.3 %

The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $168.47 and its 200 day moving average is $169.46. The stock has a market cap of $394.44 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.41.

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Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 EPS. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble's payout ratio is currently 64.01%.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Procter & Gamble

Several large investors have recently modified their holdings of PG. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $31,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the 3rd quarter worth about $33,000. Finally, Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

About Procter & Gamble

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.