Procter & Gamble (NYSE:PG) Shares Up 0.1% – Here’s Why

The Procter & Gamble Company (NYSE:PG)’s share price traded up 0.1% on Tuesday . The company traded as high as $179.01 and last traded at $177.52. 1,645,392 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 6,721,701 shares. The stock had previously closed at $177.39.

Analyst Ratings Changes

PG has been the topic of a number of research reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $209.00 in a report on Monday. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Eight equities research 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 stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a market cap of $421.41 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 3.81 and a beta of 0.42. The business’s 50 day moving average is $170.04 and its 200 day moving average is $168.74.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.25%. Procter & Gamble’s payout ratio is 69.31%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The trade was a 12.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,473 shares of company stock worth $12,313,697 in the last quarter. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of institutional investors have recently bought and sold shares of PG. Asset Advisors Investment Management LLC increased its stake in shares of Procter & Gamble by 0.3% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 50,887 shares of the company’s stock worth $8,814,000 after purchasing an additional 174 shares in the last quarter. Synovus Financial Corp increased its position in Procter & Gamble by 3.4% during the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after buying an additional 6,077 shares in the last quarter. Destination Wealth Management raised its holdings in shares of Procter & Gamble by 0.7% in the third quarter. Destination Wealth Management now owns 55,058 shares of the company’s stock worth $9,536,000 after acquiring an additional 392 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Procter & Gamble by 505.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 645,475 shares of the company’s stock valued at $111,796,000 after acquiring an additional 538,889 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in shares of Procter & Gamble during the third quarter valued at $13,103,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

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.