Procter & Gamble Company (The) (PG) Sees Large Increase in Short Interest

Procter & Gamble Company (The) (NYSE:PG) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 33,785,756 shares, an increase of 19.6% from the November 30th total of 28,247,140 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,806,203 shares, the days-to-cover ratio is presently 4.3 days.

Procter & Gamble (NYSE:PG) opened at $91.18 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of $231,320.00, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.91 and a beta of 0.67. Procter & Gamble has a 12 month low of $83.24 and a 12 month high of $94.67.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. Procter & Gamble’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. research analysts predict that Procter & Gamble will post 4.18 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $103.00 target price on shares of Procter & Gamble in a research report on Thursday, September 7th. Macquarie assumed coverage on Procter & Gamble in a research report on Thursday, September 14th. They set an “outperform” rating and a $102.00 target price for the company. Vetr raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a research report on Friday, September 15th. Bank of America upped their target price on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average target price of $88.57.

In related news, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Planning Services Ltd. raised its stake in Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble during the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble during the third quarter worth $125,000. Blume Capital Management Inc. raised its stake in Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new position in Procter & Gamble during the third quarter worth $173,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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