Traders Sell Procter & Gamble (PG) on Strength (PG)
Traders sold shares of Procter & Gamble Company (The) (NYSE:PG) on strength during trading hours on Tuesday. $40.80 million flowed into the stock on the tick-up and $108.93 million flowed out of the stock on the tick-down, for a money net flow of $68.13 million out of the stock. Of all companies tracked, Procter & Gamble had the 7th highest net out-flow for the day. Procter & Gamble traded up $0.35 for the day and closed at $92.48
A number of research analysts have weighed in on PG shares. Deutsche Bank started coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Jefferies Group reissued a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo & Co restated a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a report on Sunday, December 17th. Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a report on Tuesday, November 7th. Finally, Morgan Stanley cut their price target on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average target price of $88.57.
The firm has a market cap of $233,730.00, a PE ratio of 24.73, a PEG ratio of 2.96 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. sell-side analysts anticipate that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.
In other news, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of PG. Welch Investments LLC lifted its stake in shares of Procter & Gamble by 4.9% during the first quarter. Welch Investments LLC now owns 45,180 shares of the company’s stock valued at $4,059,000 after buying an additional 2,105 shares during the period. Nwam LLC lifted its stake in shares of Procter & Gamble by 108.8% during the first quarter. Nwam LLC now owns 24,657 shares of the company’s stock valued at $2,215,000 after buying an additional 12,847 shares during the period. Nuance Investments LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $42,694,000. Westchester Capital Management Inc. lifted its stake in shares of Procter & Gamble by 1.0% during the first quarter. Westchester Capital Management Inc. now owns 86,370 shares of the company’s stock valued at $7,760,000 after buying an additional 845 shares during the period. Finally, Nottingham Advisors Inc. lifted its stake in shares of Procter & Gamble by 20.3% during the first quarter. Nottingham Advisors Inc. now owns 6,286 shares of the company’s stock valued at $565,000 after buying an additional 1,061 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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