The Procter & Gamble Company (NYSE:PG - Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $156.94 and last traded at $155.75. 1,135,758 shares changed hands during trading, a decline of 83% from the average session volume of 6,785,601 shares. The stock had previously closed at $155.45.
Wall Street Analyst Weigh In
PG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, January 18th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a "hold" rating in a report on Wednesday, January 24th. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 24th. Finally, UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $168.53.
View Our Latest Stock Analysis on PG
Procter & Gamble Stock Performance
The firm has a fifty day moving average price of $159.27 and a 200 day moving average price of $152.70. The firm has a market capitalization of $366.95 billion, a PE ratio of 26.17, a P/E/G ratio of 3.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio is currently 62.98%.
Insider Buying and Selling
In other news, CEO R. Alexandra Keith sold 776 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company's stock, valued at approximately $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company's stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Advantage Trust Co acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.77% of the company's stock.
About Procter & Gamble
(
Get Free Report)
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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