Traders Sell Shares of Procter & Gamble (PG) on Strength (PG)

Traders sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading hours on Monday. $121.66 million flowed into the stock on the tick-up and $137.88 million flowed out of the stock on the tick-down, for a money net flow of $16.22 million out of the stock. Of all stocks tracked, Procter & Gamble had the 28th highest net out-flow for the day. Procter & Gamble traded up $0.36 for the day and closed at $77.79

Several brokerages recently commented on PG. ValuEngine lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Barclays set a $84.00 target price on Procter & Gamble and gave the company a “hold” rating in a research report on Thursday, March 15th. Morgan Stanley restated a “hold” rating on shares of Procter & Gamble in a research report on Monday, June 11th. Finally, Stifel Nicolaus cut their target price on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a research report on Wednesday, April 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $87.90.

The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $195.20 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.56 and a beta of 0.58.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The business had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same period in the prior year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts predict that Procter & Gamble Co will post 4.19 EPS for the current year.

In other news, Vice Chairman Jon R. Moeller sold 5,300 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total value of $410,273.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary A. Coombe sold 1,529 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $74.25, for a total value of $113,528.25. Following the completion of the sale, the insider now directly owns 5,235 shares of the company’s stock, valued at $388,698.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,938 shares of company stock worth $1,604,483. 0.35% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of PG. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $103,000. Cerebellum GP LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $122,000. James Investment Research Inc. grew its holdings in Procter & Gamble by 400.0% during the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after purchasing an additional 1,200 shares during the period. Lenox Wealth Advisors Inc. grew its holdings in Procter & Gamble by 140.5% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock valued at $149,000 after purchasing an additional 947 shares during the period. Finally, Twin Tree Management LP bought a new position in Procter & Gamble during the first quarter valued at $144,000. 59.38% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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