Traders Buy Procter & Gamble (PG) on Weakness

Investors purchased shares of Procter & Gamble Co (NYSE:PG) on weakness during trading hours on Thursday. $245.00 million flowed into the stock on the tick-up and $144.78 million flowed out of the stock on the tick-down, for a money net flow of $100.22 million into the stock. Of all companies tracked, Procter & Gamble had the 12th highest net in-flow for the day. Procter & Gamble traded down ($2.57) for the day and closed at $78.87

Several equities research analysts recently issued reports on PG shares. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co reiterated a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a research note on Thursday, August 16th. Atlantic Securities started coverage on shares of Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 target price for the company. Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 target price for the company. in a research note on Tuesday, July 31st. Finally, UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.53.

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. The stock has a market capitalization of $209.82 billion, a PE ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.52 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be issued a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.63%. Procter & Gamble’s dividend payout ratio is presently 68.01%.

In other news, insider Juan Fernando Posada sold 9,600 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $81.79, for a total transaction of $785,184.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total transaction of $2,170,500.30. The disclosure for this sale can be found here. Insiders have sold 147,186 shares of company stock worth $12,080,849 over the last ninety days. Insiders own 1.84% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Berkshire Asset Management LLC PA increased its stake in Procter & Gamble by 3.6% in the third quarter. Berkshire Asset Management LLC PA now owns 232,029 shares of the company’s stock valued at $19,312,000 after acquiring an additional 7,965 shares during the last quarter. Laurel Grove Capital LLC bought a new position in Procter & Gamble in the third quarter valued at approximately $202,000. Gemmer Asset Management LLC increased its stake in Procter & Gamble by 6.2% in the third quarter. Gemmer Asset Management LLC now owns 13,069 shares of the company’s stock valued at $1,088,000 after acquiring an additional 766 shares during the last quarter. Bank of Montreal Can increased its stake in Procter & Gamble by 23.4% in the third quarter. Bank of Montreal Can now owns 3,268,809 shares of the company’s stock valued at $272,062,000 after acquiring an additional 619,666 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in Procter & Gamble by 3.4% in the third quarter. Chesley Taft & Associates LLC now owns 46,991 shares of the company’s stock valued at $3,911,000 after acquiring an additional 1,539 shares during the last quarter. 58.36% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble (NYSE:PG)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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