Procter & Gamble (NYSE:PG) Shares Up 0.3% - What's Next?

Shares of The Procter & Gamble Company (NYSE:PG - Get Free Report) were up 0.3% during trading on Tuesday . The company traded as high as $168.70 and last traded at $168.63. Approximately 823,754 shares traded hands during trading, a decline of 88% from the average daily volume of 6,731,215 shares. The stock had previously closed at $168.11.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PG shares. Hsbc Global Res upgraded Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Barclays cut shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price target for the company. in a research report on Monday, September 30th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Finally, Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $180.45.

Procter & Gamble Stock Up 0.5 %

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's fifty day moving average price is $170.71 and its two-hundred day moving average price is $169.81. The stock has a market cap of $397.86 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.70 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. Sell-side analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble's dividend payout ratio (DPR) is presently 69.31%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction 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 trade represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the insider now owns 19,341 shares of the company's stock, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,080 shares of company stock valued at $14,629,038. Corporate insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the second quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in Procter & Gamble in the third quarter worth $33,000. Quest Partners LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at $44,000. 65.77% of the stock is owned by institutional investors.

About Procter & Gamble

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.