Procter & Gamble (PG) Sets New 12-Month High at $105.57

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Shares of Procter & Gamble Co (NYSE:PG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.57 and last traded at $105.50, with a volume of 2494592 shares changing hands. The stock had previously closed at $105.06.

PG has been the topic of several recent research reports. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research report on Wednesday, January 30th. Bank of America restated a “buy” rating and issued a $108.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Wednesday, December 19th. Macquarie set a $110.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.74.

The stock has a market capitalization of $266.55 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.42 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.16 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts expect that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $0.7459 per share. The ex-dividend date is Wednesday, April 17th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.80%. Procter & Gamble’s dividend payout ratio is 68.01%.

In other news, Chairman David S. Taylor sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the transaction, the chairman now directly owns 223,849 shares in the company, valued at approximately $22,181,197.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 67,407 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $100.17, for a total value of $6,752,159.19. Following the completion of the transaction, the insider now owns 23,936 shares in the company, valued at $2,397,669.12. The disclosure for this sale can be found here. Insiders have sold 2,270,496 shares of company stock worth $224,931,027 over the last quarter. 1.84% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in PG. Armbruster Capital Management Inc. grew its stake in shares of Procter & Gamble by 2.7% in the first quarter. Armbruster Capital Management Inc. now owns 3,850 shares of the company’s stock valued at $401,000 after buying an additional 100 shares in the last quarter. Front Row Advisors LLC grew its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Front Row Advisors LLC now owns 6,087 shares of the company’s stock valued at $560,000 after buying an additional 102 shares in the last quarter. SP Asset Management grew its stake in shares of Procter & Gamble by 0.3% in the fourth quarter. SP Asset Management now owns 38,188 shares of the company’s stock valued at $3,510,000 after buying an additional 103 shares in the last quarter. Bath Savings Trust Co grew its stake in shares of Procter & Gamble by 0.4% in the fourth quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock valued at $2,672,000 after buying an additional 110 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake in shares of Procter & Gamble by 2.6% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 4,294 shares of the company’s stock valued at $395,000 after buying an additional 110 shares in the last quarter. Institutional investors own 61.76% of the company’s stock.

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Procter & Gamble Company Profile (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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