Procter & Gamble Company (The) (PG) Issues Earnings Results

Procter & Gamble Company (The) (NYSE:PG) released its quarterly earnings data on Thursday. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07, Bloomberg Earnings reports. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Procter & Gamble Company (The) updated its FY18 guidance to $4.12-4.19 EPS.

Shares of Procter & Gamble Company (PG) traded down 0.52% during midday trading on Friday, hitting $90.21. 6,137,534 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $88.40 and its 200-day moving average is $88.50. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.00. The stock has a market cap of $237.88 billion, a PE ratio of 16.13 and a beta of 0.68.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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In related news, insider Steven D. Bishop sold 2,668 shares of Procter & Gamble Company (The) stock in a transaction on Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the sale, the insider now owns 43,608 shares in the company, valued at $3,808,722.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. Insiders have sold 199,891 shares of company stock worth $17,276,637 in the last quarter. Insiders own 0.35% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bayesian Capital Management LP bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $2,758,000. Gideon Capital Advisors Inc. acquired a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $348,000. Empirical Finance LLC acquired a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $101,000. Massmutual Trust Co. FSB ADV acquired a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $9,305,000. Finally, Iberiabank Corp increased its position in Procter & Gamble Company (The) by 11.8% in the fourth quarter. Iberiabank Corp now owns 67,805 shares of the company’s stock worth $5,701,000 after buying an additional 7,136 shares in the last quarter. Institutional investors and hedge funds own 59.83% of the company’s stock.

A number of research analysts have weighed in on PG shares. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a report on Monday, July 3rd. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Stifel Nicolaus dropped their target price on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research report on Thursday, April 27th. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Finally, BidaskClub lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $87.16.

About Procter & Gamble Company (The)

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.