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

Traders sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading on Friday. $40.12 million flowed into the stock on the tick-up and $91.62 million flowed out of the stock on the tick-down, for a money net flow of $51.50 million out of the stock. Of all equities tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $0.13 for the day and closed at $91.54

Several brokerages have recently commented on PG. Berenberg Bank set a $78.00 price objective on Procter & Gamble and gave the company a “sell” rating in a report on Monday, October 22nd. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Friday, October 19th. Societe Generale set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a report on Tuesday, October 23rd. Bank of America increased their price objective on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, November 6th. Finally, Atlantic Securities began coverage on Procter & Gamble in a report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and an average 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 cap of $230.77 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 3.00 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. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up .2% on a year-over-year basis. As a group, analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were given a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.

In related news, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $94.62, for a total value of $1,545,901.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Carolyn M. Tastad sold 700 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $93.30, for a total value of $65,310.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,031 shares of company stock worth $46,239,889. 1.84% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC grew its position in Procter & Gamble by 57.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 23,081 shares of the company’s stock worth $1,921,000 after purchasing an additional 8,396 shares during the period. Vanguard Group Inc. grew its position in Procter & Gamble by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares during the period. Dodge & Cox grew its position in Procter & Gamble by 0.7% during the 3rd quarter. Dodge & Cox now owns 136,442 shares of the company’s stock worth $11,356,000 after purchasing an additional 986 shares during the period. Morgan Stanley grew its position in Procter & Gamble by 11.3% during the 3rd quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock worth $1,463,528,000 after purchasing an additional 1,784,225 shares during the period. Finally, Legal & General Group Plc grew its position in Procter & Gamble by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 12,510,696 shares of the company’s stock worth $1,041,256,000 after purchasing an additional 205,011 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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