The Procter & Gamble Company (NYSE:PG) Short Interest Down 20.2% in April

The Procter & Gamble Company (NYSE:PG) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 13,370,000 shares, a drop of 20.2% from the March 31st total of 16,750,000 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 8,370,000 shares, the short-interest ratio is presently 1.6 days.

Several research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. reduced their price target on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, April 22nd. Stifel Nicolaus lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research report on Thursday, January 28th. Morgan Stanley dropped their price objective on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, April 26th. Citigroup downgraded The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Finally, Zacks Investment Research downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a research note on Thursday, January 21st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $148.93.

In other news, CEO Steven D. Bishop sold 3,173 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $399,068.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 12,668 shares of the firm’s stock in a transaction on Wednesday, April 21st. The stock was sold at an average price of $137.99, for a total value of $1,748,057.32. Following the completion of the transaction, the chief executive officer now owns 29,017 shares in the company, valued at $4,004,055.83. The disclosure for this sale can be found here. Insiders sold a total of 560,215 shares of company stock worth $72,179,449 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PG. Allied Investment Advisors LLC grew its holdings in The Procter & Gamble by 3.8% during the first quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock worth $5,972,000 after purchasing an additional 1,601 shares during the period. New England Investment & Retirement Group Inc. bought a new stake in shares of The Procter & Gamble during the first quarter worth approximately $2,481,000. Bangor Savings Bank boosted its holdings in shares of The Procter & Gamble by 1.2% during the fourth quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after acquiring an additional 86 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of The Procter & Gamble by 17.5% during the first quarter. Exchange Traded Concepts LLC now owns 39,894 shares of the company’s stock worth $5,403,000 after acquiring an additional 5,948 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of The Procter & Gamble by 3.7% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,899 shares of the company’s stock worth $403,000 after acquiring an additional 104 shares during the period. 63.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of PG traded down $0.46 during midday trading on Tuesday, hitting $134.54. The stock had a trading volume of 9,605,546 shares, compared to its average volume of 8,296,208. The company has a 50 day simple moving average of $134.03 and a two-hundred day simple moving average of $134.74. The Procter & Gamble has a twelve month low of $111.25 and a twelve month high of $146.92. The firm has a market cap of $329.39 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68.

The Procter & Gamble (NYSE:PG) last released its earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The Procter & Gamble’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. Analysts forecast that The Procter & Gamble will post 5.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be given a $0.8698 dividend. The ex-dividend date is Thursday, April 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is currently 67.97%.

About The Procter & Gamble

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

Further Reading: What is a Roth IRA?

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.