Traders Buy Shares of Procter & Gamble Company (The) (PG) on Weakness

Investors bought shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading on Wednesday. $140.25 million flowed into the stock on the tick-up and $83.83 million flowed out of the stock on the tick-down, for a money net flow of $56.42 million into the stock. Of all equities tracked, Procter & Gamble Company (The) had the 13th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.16) for the day and closed at $91.46

A number of research firms recently commented on PG. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and set a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and a consensus price target of $89.28.

The firm has a market cap of $234.98 billion, a PE ratio of 16.48 and a beta of 0.67. The firm has a 50 day moving average price of $92.52 and a 200-day moving average price of $89.78.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. Procter & Gamble Company (The)’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be given a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 2.99%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Procter & Gamble Company (The) by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. increased its stake in Procter & Gamble Company (The) by 1.4% in the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. increased its stake in Procter & Gamble Company (The) by 2.4% in the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after buying an additional 893,157 shares during the period. American Century Companies Inc. increased its stake in Procter & Gamble Company (The) by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after buying an additional 934,179 shares during the period. Finally, Capital Research Global Investors increased its stake in Procter & Gamble Company (The) by 74.2% in the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares during the period. Hedge funds and other institutional investors own 59.30% of the company’s stock.

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Procter & Gamble Company (The) 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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