Investors Buy Procter & Gamble (PG) on Weakness on Insider Selling

Traders bought shares of Procter & Gamble Co (NYSE:PG) on weakness during trading hours on Friday after an insider sold shares in the company. $265.93 million flowed into the stock on the tick-up and $153.36 million flowed out of the stock on the tick-down, for a money net flow of $112.57 million into the stock. Of all equities tracked, Procter & Gamble had the 16th highest net in-flow for the day. Procter & Gamble traded down ($1.60) for the day and closed at $84.25Specifically, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 4,878 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the sale, the insider now owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,344 shares of company stock valued at $7,118,970. 0.35% of the stock is owned by insiders.

PG has been the subject of several research reports. Jefferies Group reiterated a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research note on Monday, December 18th. Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank initiated coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has an average rating of “Buy” and a consensus target price of $88.38.

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market cap of $213,740.00, a price-to-earnings ratio of 22.47, a PEG ratio of 2.68 and a beta of 0.51.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. equities analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.27%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.60%.

Several institutional investors have recently modified their holdings of PG. American Century Companies Inc. increased its holdings in Procter & Gamble by 3.5% in the fourth quarter. American Century Companies Inc. now owns 11,806,896 shares of the company’s stock valued at $1,084,818,000 after buying an additional 401,855 shares in the last quarter. Quadrant Private Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $260,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $103,000. Delaney Dennis R increased its stake in shares of Procter & Gamble by 28.8% during the fourth quarter. Delaney Dennis R now owns 34,990 shares of the company’s stock worth $3,215,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Columbus Macro LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $717,000. 59.65% of the stock is owned by hedge funds and other institutional investors.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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