Procter & Gamble (NYSE:PG) Trading Down 1% – Here’s What Happened

Shares of The Procter & Gamble Company (NYSE:PG) fell 1% during trading on Monday . The company traded as low as $170.43 and last traded at $172.12. 1,599,552 shares traded hands during trading, a decline of 76% from the average session volume of 6,692,492 shares. The stock had previously closed at $173.82.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $405.96 billion, a PE ratio of 29.72, a PEG ratio of 3.68 and a beta of 0.44. The company has a 50 day moving average price of $170.71 and a 200 day moving average price of $169.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock valued at $14,629,038 in the last quarter. Insiders own 0.18% of the company’s stock.

Institutional Trading of Procter & Gamble

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valued Wealth Advisors LLC lifted its position in Procter & Gamble by 51.5% in the 2nd quarter. Valued Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $90,000 after purchasing an additional 185 shares during the last quarter. Phoenix Wealth Advisors boosted its position in shares of Procter & Gamble by 4.9% during the second quarter. Phoenix Wealth Advisors now owns 6,954 shares of the company’s stock worth $1,147,000 after buying an additional 326 shares during the period. James J. Burns & Company LLC grew its holdings in Procter & Gamble by 76.6% in the 2nd quarter. James J. Burns & Company LLC now owns 5,472 shares of the company’s stock worth $903,000 after buying an additional 2,373 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its position in Procter & Gamble by 4.6% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 9,559 shares of the company’s stock valued at $1,576,000 after acquiring an additional 419 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its stake in Procter & Gamble by 4.5% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 5,502 shares of the company’s stock valued at $907,000 after acquiring an additional 236 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.