Procter & Gamble (NYSE:PG) Trading 0.6% Higher

The Procter & Gamble Company (NYSE:PG)’s stock price traded up 0.6% during trading on Monday . The stock traded as high as $169.17 and last traded at $168.89. 536,051 shares changed hands during trading, a decline of 92% from the average session volume of 6,635,982 shares. The stock had previously closed at $167.89.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Evercore ISI raised their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Finally, Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $398.27 billion, a PE ratio of 27.58, a P/E/G ratio of 3.66 and a beta of 0.41. The company has a 50-day moving average of $166.99 and a two-hundred day moving average of $163.30.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period last year, the company earned $1.37 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now directly owns 263,158 shares in the company, valued at $45,002,649.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,389 shares of company stock valued at $14,373,932. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

Several large investors have recently bought and sold shares of PG. HighPoint Advisor Group LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $17,696,000. Campbell Wealth Management grew its position in shares of Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after buying an additional 231 shares in the last quarter. Herold Advisors Inc. increased its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after buying an additional 581 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Procter & Gamble by 29.0% during the 1st quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after acquiring an additional 9,716 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Procter & Gamble by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 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.