Procter & Gamble (NYSE:PG) Stock Price Down 0.1% - Here's Why

Shares of The Procter & Gamble Company (NYSE:PG - Get Free Report) fell 0.1% during trading on Tuesday . The stock traded as low as $159.20 and last traded at $161.72. 1,603,993 shares traded hands during trading, a decline of 77% from the average session volume of 7,106,896 shares. The stock had previously closed at $161.85.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Bank of America dropped their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Raymond James dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $179.80.

Procter & Gamble Trading Up 0.4 %

The business's 50 day simple moving average is $167.36 and its two-hundred day simple moving average is $167.99. The stock has a market cap of $376.51 billion, a P/E ratio of 25.57, a PEG ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio is 66.98%.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,000 shares of company stock worth $9,330,060. Company insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

Several large investors have recently added to or reduced their stakes in PG. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. grew its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.