Somewhat Favorable News Coverage Somewhat Unlikely to Affect Procter & Gamble (PG) Stock Price
Media stories about Procter & Gamble (NYSE:PG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Procter & Gamble earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.9021358819921 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Former P&G executive assistant sentenced to prison – Cincinnati Business Courier (bizjournals.com)
- P&G launches ad campaign to discourage ‘Tide Pods Challenge’ – Cincinnati Business Courier (bizjournals.com)
- Procter & Gamble Co. Earnings: What to Watch – Motley Fool (fool.com)
- Keurig Green Mountain, Inc. — Moody’s changes Keurig’s outlook to positive; affirms Ba2 rating (finance.yahoo.com)
- Pampers Partners with Nick & Vanessa Lachey to Celebrate Babies’ Best Sleep Time Moments (finance.yahoo.com)
Procter & Gamble (PG) traded down $1.02 on Thursday, reaching $90.18. 7,698,899 shares of the company traded hands, compared to its average volume of 6,600,000. The company has a market capitalization of $228,780.00, a price-to-earnings ratio of 24.11, a P/E/G ratio of 2.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble has a one year low of $84.28 and a one year high of $94.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.06%. Procter & Gamble’s payout ratio is currently 73.80%.
Several research firms have recently issued reports on PG. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, January 8th. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Goldman Sachs Group upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research note on Tuesday. Jefferies Group reiterated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble in a research note on Tuesday, October 10th. Finally, Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $88.51.
In related news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the transaction, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the 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 transaction, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,719 shares of company stock valued at $1,661,544. 0.35% of the stock is owned by company insiders.
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Procter & Gamble Company Profile
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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