Procter & Gamble (NYSE:PG) Shares Up 0%

The Procter & Gamble Company (NYSE:PGGet Free Report)’s stock price shot up 0% on Friday . The stock traded as high as $168.88 and last traded at $167.74. 3,743,606 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 6,485,607 shares. The stock had previously closed at $167.67.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Barclays increased their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Argus increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Get Our Latest Research Report on PG

Procter & Gamble Stock Down 0.0 %

The stock has a market cap of $395.58 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $164.33 and a 200-day moving average price of $157.89.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the firm posted $1.37 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by insiders.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SRN Advisors LLC raised its holdings in Procter & Gamble by 4.5% in the 1st quarter. SRN Advisors LLC now owns 6,197 shares of the company’s stock valued at $1,005,000 after buying an additional 268 shares during the period. NBW Capital LLC purchased a new stake in Procter & Gamble in the 1st quarter valued at about $273,000. Keynote Financial Services LLC purchased a new stake in Procter & Gamble in the 1st quarter valued at about $2,250,000. Mosaic Family Wealth Partners LLC raised its holdings in Procter & Gamble by 15.0% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 8,745 shares of the company’s stock valued at $1,419,000 after buying an additional 1,142 shares during the period. Finally, OMC Financial Services LTD purchased a new stake in Procter & Gamble in the 1st quarter valued at about $869,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

(Get Free Report)

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.

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