Traders Sell Procter & Gamble (PG) on Strength (PG)

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Traders sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading hours on Thursday. $70.62 million flowed into the stock on the tick-up and $156.85 million flowed out of the stock on the tick-down, for a money net flow of $86.23 million out of the stock. Of all companies tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $0.07 for the day and closed at $91.36

Several research firms have weighed in on PG. Jefferies Financial Group reissued a “hold” rating and issued a $86.00 target price on shares of Procter & Gamble in a report on Friday. TD Securities reissued a “hold” rating on shares of Procter & Gamble in a report on Thursday. Bank of America upped their target price on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday. ValuEngine raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $88.38.

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The company has a market cap of $230.14 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Research analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s payout ratio is currently 68.01%.

In related news, CEO David S. Taylor sold 63,113 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the transaction, the chief executive officer now directly owns 226,393 shares in the company, valued at $20,755,710.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Theresa Grabowski sold 16,712 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.35, for a total value of $1,526,641.20. Following the transaction, the insider now owns 6,715 shares in the company, valued at $613,415.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,302 shares of company stock worth $13,438,363. Corporate insiders own 1.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC raised its holdings in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after purchasing an additional 913 shares during the period. Ayalon Holdings Ltd. purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $108,000. First Mercantile Trust Co. purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $111,000. CSat Investment Advisory L.P. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $113,000. Finally, Fort L.P. acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $124,000. Hedge funds and other institutional investors own 58.54% of the company’s stock.

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About Procter & Gamble (NYSE:PG)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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