Procter & Gamble Company (The) Target of Unusually Large Options Trading (PG)

Procter & Gamble Company (The) (NYSE:PG) saw some unusual options trading on Monday. Traders acquired 35,861 call options on the stock. This is an increase of approximately 509% compared to the average volume of 5,886 call options.

Procter & Gamble Company (NYSE PG) opened at 91.34 on Friday. The stock has a market capitalization of $232.92 billion, a P/E ratio of 16.33 and a beta of 0.68. The company’s 50-day moving average price is $89.05 and its 200 day moving average price is $88.93. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.08.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be issued a dividend of $0.6896 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio is 49.37%.

A number of research firms recently commented on PG. UBS AG reaffirmed a “buy” rating and set a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Friday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Stifel Nicolaus decreased their price objective on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average target price of $87.81.

In related news, insider Ioannis Skoufalos sold 3,879 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold 203,898 shares of company stock worth $17,666,387 in the last three months. 0.35% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Girard Securities Inc. increased its position in shares of Procter & Gamble Company (The) by 12.5% in the fourth quarter. Girard Securities Inc. now owns 9,322 shares of the company’s stock worth $784,000 after buying an additional 1,038 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of Procter & Gamble Company (The) by 4.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 973,486 shares of the company’s stock worth $81,850,000 after buying an additional 42,123 shares during the period. Roundview Capital LLC increased its position in shares of Procter & Gamble Company (The) by 5.4% in the fourth quarter. Roundview Capital LLC now owns 29,381 shares of the company’s stock worth $2,470,000 after buying an additional 1,505 shares during the period. Sandhill Capital Partners LLC increased its position in shares of Procter & Gamble Company (The) by 4.6% in the fourth quarter. Sandhill Capital Partners LLC now owns 7,576 shares of the company’s stock worth $637,000 after buying an additional 332 shares during the period. Finally, Gratus Capital LLC increased its position in shares of Procter & Gamble Company (The) by 34.1% in the fourth quarter. Gratus Capital LLC now owns 39,638 shares of the company’s stock worth $3,333,000 after buying an additional 10,082 shares during the period. Institutional investors and hedge funds own 59.69% of the company’s stock.

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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.