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

Traders purchased shares of Procter & Gamble (NYSE:PG) on weakness during trading on Tuesday. $194.22 million flowed into the stock on the tick-up and $135.62 million flowed out of the stock on the tick-down, for a money net flow of $58.60 million into the stock. Of all companies tracked, Procter & Gamble had the 24th highest net in-flow for the day. Procter & Gamble traded down ($0.33) for the day and closed at $72.95

A number of equities research analysts have issued reports on PG shares. Morgan Stanley increased their price target on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. JPMorgan Chase raised their price objective on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Finally, Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $82.85.

The stock has a market capitalization of $183.91 billion, a P/E ratio of 18.76, a PEG ratio of 2.36 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. analysts expect that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Friday, April 20th were given a $0.7172 dividend. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $2.87 annualized dividend and a yield of 3.90%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.21%.

In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven D. Bishop sold 2,075 shares of Procter & Gamble stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total value of $149,130.25. Following the completion of the transaction, the insider now owns 42,524 shares of the company’s stock, valued at approximately $3,056,199.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,456 shares of company stock valued at $3,663,460. 0.35% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PG. Asset Dedication LLC bought a new stake in Procter & Gamble in the fourth quarter worth about $1,164,000. Moller Financial Services raised its stake in shares of Procter & Gamble by 31.3% during the fourth quarter. Moller Financial Services now owns 11,887 shares of the company’s stock valued at $1,092,000 after acquiring an additional 2,837 shares in the last quarter. Spectrum Management Group Inc. raised its stake in shares of Procter & Gamble by 221.4% during the third quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock valued at $2,980,000 after acquiring an additional 22,565 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Procter & Gamble by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 9,149,634 shares of the company’s stock valued at $840,668,000 after acquiring an additional 269,402 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of Procter & Gamble by 6.5% during the third quarter. Sowell Financial Services LLC now owns 22,054 shares of the company’s stock valued at $1,916,000 after acquiring an additional 1,340 shares in the last quarter. Institutional investors own 63.02% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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