The Procter & Gamble Company (NYSE:PG - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 42,639 call options on the company. This represents an increase of approximately 67% compared to the typical daily volume of 25,592 call options.
Wall Street Analyst Weigh In
PG has been the subject of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Truist Financial boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.00.
Read Our Latest Report on Procter & Gamble
Procter & Gamble Price Performance
NYSE PG traded up $2.67 on Thursday, reaching $172.17. The company's stock had a trading volume of 9,389,328 shares, compared to its average volume of 6,909,108. Procter & Gamble has a 52 week low of $153.52 and a 52 week high of $180.43. 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 has a market cap of $403.71 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The business has a 50-day moving average price of $169.19 and a 200 day moving average price of $169.29.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. Sell-side analysts expect that Procter & Gamble will post 6.91 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble's payout ratio is presently 64.01%.
Insider Buying and Selling
In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On Procter & Gamble
Several institutional investors and hedge funds have recently made changes to their positions in PG. Howard Capital Management Group LLC increased its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank increased its stake in shares of Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after buying an additional 219 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its holdings in shares of Procter & Gamble by 0.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 55,478 shares of the company's stock valued at $9,609,000 after buying an additional 312 shares during the last quarter. Finally, Plotkin Financial Advisors LLC acquired a new position in Procter & Gamble during the 3rd quarter worth about $1,727,000. Institutional investors and hedge funds own 65.77% of the company's stock.
About Procter & Gamble
(
Get Free Report)
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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