Investors Buy Shares of Procter & Gamble Company (The) (PG) on Weakness

Traders purchased shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading on Friday. $587.44 million flowed into the stock on the tick-up and $81.54 million flowed out of the stock on the tick-down, for a money net flow of $505.90 million into the stock. Of all equities tracked, Procter & Gamble Company (The) had the 6th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.28) for the day and closed at $93.27

PG has been the subject of a number of recent analyst reports. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a research report on Monday, July 3rd. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, BidaskClub cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.39.

The company has a market capitalization of $237.84 billion, a price-to-earnings ratio of 16.68 and a beta of 0.68. The stock’s 50-day moving average is $92.20 and its 200 day moving average is $89.60.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

In other news, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares in the company, valued at $2,129,161.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock valued at $4,216,070 in the last quarter. Insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. W. E. Donoghue & Co. LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth about $15,710,000. Intl Fcstone Inc. boosted its stake in shares of Procter & Gamble Company (The) by 110.1% during the second quarter. Intl Fcstone Inc. now owns 23,054 shares of the company’s stock worth $2,009,000 after buying an additional 12,083 shares during the period. Griffin Asset Management Inc. acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth about $4,690,000. Gs Investments Inc. acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth about $1,119,000. Finally, Aldebaran Financial Inc. boosted its stake in shares of Procter & Gamble Company (The) by 1.0% during the second quarter. Aldebaran Financial Inc. now owns 46,408 shares of the company’s stock worth $4,044,000 after buying an additional 463 shares during the period. Institutional investors and hedge funds own 59.33% of the company’s stock.

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Procter & Gamble Company (The) 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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