Procter & Gamble (NYSE:PG) Trading Up 0.2% – Here’s What Happened

The Procter & Gamble Company (NYSE:PG) shares traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $167.06 and last traded at $166.29. 1,426,994 shares traded hands during trading, a decline of 79% from the average session volume of 6,641,031 shares. The stock had previously closed at $166.03.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Finally, DA Davidson increased their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a market capitalization of $390.56 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 3.63 and a beta of 0.42. The business has a fifty day moving average of $170.97 and a 200-day moving average of $168.26.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.31%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares in the last quarter. Quent Capital LLC raised its position in shares of Procter & Gamble by 2.0% during the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after buying an additional 206 shares in the last quarter. Empowered Funds LLC boosted its stake in Procter & Gamble by 59.0% in the first quarter. Empowered Funds LLC now owns 101,085 shares of the company’s stock worth $16,401,000 after buying an additional 37,491 shares in the last quarter. Heritage Wealth Advisors lifted its stake in shares of Procter & Gamble by 1,681.4% in the 1st quarter. Heritage Wealth Advisors now owns 195,575 shares of the company’s stock valued at $31,732,000 after acquiring an additional 184,596 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Procter & Gamble by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 81,354 shares of the company’s stock worth $13,200,000 after purchasing an additional 2,133 shares during the period. 65.77% of the stock is currently owned by institutional investors.

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.