Traders Buy Shares of Procter & Gamble (PG) on Weakness

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Traders purchased shares of Procter & Gamble Co (NYSE:PG) on weakness during trading on Monday. $239.04 million flowed into the stock on the tick-up and $201.73 million flowed out of the stock on the tick-down, for a money net flow of $37.31 million into the stock. Of all stocks tracked, Procter & Gamble had the 31st highest net in-flow for the day. Procter & Gamble traded down ($0.70) for the day and closed at $86.60

Several equities analysts recently issued reports on the company. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup set a $99.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus restated a “hold” rating and set a $87.00 price target on shares of Procter & Gamble in a research report on Monday. SunTrust Banks raised their price target on Procter & Gamble to $85.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Morgan Stanley set a $91.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $87.70.

The stock has a market capitalization of $220.08 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.92 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a return on equity of 21.10% and a net margin of 15.10%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. As a group, equities analysts expect that Procter & Gamble Co will post 4.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be given a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.31%. Procter & Gamble’s dividend payout ratio is currently 68.01%.

In related news, insider Kathleen B. Fish sold 599 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total transaction of $50,004.52. Following the sale, the insider now directly owns 38,655 shares in the company, valued at $3,226,919.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,186 shares of company stock worth $12,080,849. Corporate insiders own 1.84% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC raised its stake in Procter & Gamble by 209.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after buying an additional 913 shares during the last quarter. CSat Investment Advisory L.P. purchased a new position in Procter & Gamble during the second quarter valued at $113,000. Fort L.P. purchased a new position in Procter & Gamble during the second quarter valued at $124,000. Polaris Greystone Financial Group LLC raised its stake in Procter & Gamble by 224.9% during the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock valued at $143,000 after buying an additional 1,192 shares during the last quarter. Finally, Twin Tree Management LP purchased a new position in Procter & Gamble during the first quarter valued at $144,000. Institutional investors own 58.47% of the company’s stock.

About Procter & Gamble (NYSE:PG)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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