Procter & Gamble (NYSE:PG) Shares Up 0.7%

The Procter & Gamble Company (NYSE:PG)’s share price was up 0.7% during trading on Thursday . The stock traded as high as $171.56 and last traded at $171.15. Approximately 1,836,458 shares traded hands during trading, a decline of 72% from the average daily volume of 6,664,935 shares. The stock had previously closed at $170.02.

Analyst Ratings Changes

A number of analysts have recently weighed in on PG shares. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. TD Cowen assumed coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, Barclays dropped their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Trading Down 0.2 %

The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 0.50. The firm has a market cap of $402.50 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 3.60 and a beta of 0.41. The company has a 50-day moving average price of $166.88 and a 200 day moving average price of $162.77.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.33% and a net margin of 17.71%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s payout ratio is 65.69%.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The disclosure for this sale can be found here. Insiders have sold a total of 53,288 shares of company stock worth $8,895,638 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hendley & Co. Inc. increased its position in Procter & Gamble by 0.6% in the 4th quarter. Hendley & Co. Inc. now owns 24,302 shares of the company’s stock worth $3,561,000 after buying an additional 155 shares during the period. Priebe Wealth Holdings LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $890,000. Cerity Partners LLC grew its position in Procter & Gamble by 106.2% in the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after purchasing an additional 3,159,796 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.1% in the fourth quarter. Janiczek Wealth Management LLC now owns 10,900 shares of the company’s stock valued at $1,597,000 after buying an additional 114 shares during the period. Finally, G&S Capital LLC grew its position in Procter & Gamble by 0.9% during the fourth quarter. G&S Capital LLC now owns 12,154 shares of the company’s stock worth $1,781,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.