Procter & Gamble Co (NYSE:PG) saw unusually large options trading on Tuesday. Stock traders acquired 169,258 call options on the company. This is an increase of 2,180% compared to the average daily volume of 7,423 call options.
A number of equities research analysts have issued reports on PG shares. Zacks Investment Research reissued a “hold” rating and set a $102.00 price target on shares of Procter & Gamble in a research report on Monday, December 31st. SunTrust Banks upped their target price on Procter & Gamble to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 24th. They noted that the move was a valuation call. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $91.00 target price on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and an average target price of $97.74.
In other news, insider R. Alexandra Keith sold 3,027 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,208,754 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $99.08, for a total value of $119,763,346.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,270,496 shares of company stock valued at $224,931,027. Insiders own 1.84% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $82,216,000. Rehmann Capital Advisory Group raised its position in shares of Procter & Gamble by 9.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 31,886 shares of the company’s stock worth $2,489,000 after purchasing an additional 2,813 shares during the period. Summit X LLC raised its position in shares of Procter & Gamble by 12.9% during the 2nd quarter. Summit X LLC now owns 18,870 shares of the company’s stock worth $1,475,000 after purchasing an additional 2,160 shares during the period. Northwest Bancshares Inc. raised its position in shares of Procter & Gamble by 4.7% during the 3rd quarter. Northwest Bancshares Inc. now owns 44,094 shares of the company’s stock worth $3,670,000 after purchasing an additional 1,992 shares during the period. Finally, First American Trust FSB raised its position in shares of Procter & Gamble by 44.0% during the 3rd quarter. First American Trust FSB now owns 78,357 shares of the company’s stock worth $6,521,000 after purchasing an additional 23,937 shares during the period. Institutional investors and hedge funds own 61.76% of the company’s stock.
NYSE:PG opened at $106.42 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. Procter & Gamble has a one year low of $70.73 and a one year high of $106.50. The stock has a market capitalization of $266.55 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.42 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble will post 4.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $0.7459 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.80%. Procter & Gamble’s payout ratio is 68.01%.
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Procter & Gamble Company Profile
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.
Read More: Stock Symbols and CUSIP Explained
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