Procter & Gamble (NYSE:PG) Stock Price Down 0.4% - Here's Why

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s stock price fell 0.4% during trading on Thursday . The stock traded as low as $166.71 and last traded at $166.90. 853,297 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 6,696,123 shares. The stock had previously closed at $167.65.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res upgraded Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.45.

Procter & Gamble Trading Down 1.0 %

The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $170.34 and a 200 day moving average of $169.87. The firm has a market cap of $390.89 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.70 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.43%. Procter & Gamble's payout ratio is 69.31%.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company's stock, valued at $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock worth $13,317,460. Insiders own 0.18% of the company's stock.

Institutional Trading of Procter & Gamble

A number of institutional investors have recently bought and sold shares of PG. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble during the 2nd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at $33,000. Quest Partners LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble during the second quarter worth about $44,000. Institutional investors and hedge funds own 65.77% of the company's stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.