Traders Buy Shares of Procter & Gamble (PG) on Weakness on Analyst Downgrade

Traders bought shares of Procter & Gamble Co (NYSE:PG) on weakness during trading on Friday after Morgan Stanley lowered their price target on the stock from $92.00 to $85.00. $173.66 million flowed into the stock on the tick-up and $82.11 million flowed out of the stock on the tick-down, for a money net flow of $91.55 million into the stock. Of all equities tracked, Procter & Gamble had the 22nd highest net in-flow for the day. Procter & Gamble traded down ($0.37) for the day and closed at $78.43

Other equities analysts have also recently issued research reports about the company. Deutsche Bank initiated coverage on Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 target price for the company. Jefferies Group reissued a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, January 16th. Wells Fargo restated a “hold” rating and issued a $88.00 price target on shares of Procter & Gamble in a research report on Sunday, December 17th. Finally, Stifel Nicolaus upped their price target on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.07.

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In related news, insider Kathleen B. Fish sold 10,192 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total value of $886,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deborah P. Majoras sold 4,591 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Truepoint Inc. boosted its position in shares of Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after buying an additional 26,584,514 shares during the period. American International Group Inc. boosted its position in shares of Procter & Gamble by 448.0% during the fourth quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock worth $603,404,000 after buying an additional 5,368,843 shares during the period. Capital Research Global Investors boosted its position in shares of Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares during the period. Janus Henderson Group PLC boosted its position in shares of Procter & Gamble by 1,244.6% during the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after buying an additional 4,165,862 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the period. Institutional investors own 60.98% of the company’s stock.

The stock has a market capitalization of $198,655.11, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. analysts forecast that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.

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Procter & Gamble Company Profile

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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