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. $166.79 million flowed into the stock on the tick-up and $328.98 million flowed out of the stock on the tick-down, for a money net flow of $162.19 million out of the stock. Of all stocks tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $0.24 for the day and closed at $93.55

A number of analysts recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 target price on shares of Procter & Gamble in a research report on Friday, November 9th. TD Securities reissued a “hold” rating on shares of Procter & Gamble in a report on Thursday, November 8th. Bank of America boosted their price objective on Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. 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 analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $88.38.

The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $235.84 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion during 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%. Procter & Gamble’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

In other news, insider Carolyn M. Tastad sold 19,791 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $92.71, for a total value of $1,834,823.61. Following the completion of the transaction, the insider now directly owns 60,575 shares of the company’s stock, valued at $5,615,908.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $94.62, for a total value of $1,545,901.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 502,927 shares of company stock valued at $46,437,282. 1.84% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its stake in Procter & Gamble by 6.0% in the third quarter. Rehmann Capital Advisory Group now owns 33,812 shares of the company’s stock valued at $2,814,000 after purchasing an additional 1,926 shares during the last quarter. Marshall Wace LLP purchased a new position in Procter & Gamble in the third quarter valued at approximately $1,516,000. Matthew Goff Investment Advisor LLC lifted its stake in Procter & Gamble by 1.8% in the third quarter. Matthew Goff Investment Advisor LLC now owns 86,412 shares of the company’s stock valued at $7,192,000 after purchasing an additional 1,517 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Procter & Gamble by 8.2% in the third quarter. Great Lakes Advisors LLC now owns 25,888 shares of the company’s stock valued at $2,155,000 after purchasing an additional 1,955 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Procter & Gamble by 57.2% in the third quarter. Belpointe Asset Management LLC now owns 23,081 shares of the company’s stock valued at $1,921,000 after purchasing an additional 8,396 shares during the last quarter. 58.78% of the stock is owned by institutional investors.

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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.

See Also: Market Capitalization

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