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

Investors bought shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading hours on Monday. $107.49 million flowed into the stock on the tick-up and $56.87 million flowed out of the stock on the tick-down, for a money net flow of $50.62 million into the stock. Of all companies tracked, Procter & Gamble Company (The) had the 10th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.21) for the day and closed at $92.12

Several brokerages have recently weighed in on PG. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price objective on shares of Procter & Gamble Company (The) in a research report on Tuesday. 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $90.00.

The stock has a market cap of $233.63 billion, a PE ratio of 16.38 and a beta of 0.67. The stock has a 50 day moving average price of $92.56 and a 200 day moving average price of $89.75.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue was down .1% on a year-over-year basis. Analysts predict that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.01%. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

In other news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,792 shares of company stock worth $4,216,070. Company insiders own 0.35% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Procter & Gamble Company (The) by 5.6% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 46,533 shares of the company’s stock worth $4,233,000 after purchasing an additional 2,453 shares in the last quarter. Beacon Financial Group grew its holdings in shares of Procter & Gamble Company (The) by 0.6% during the third quarter. Beacon Financial Group now owns 119,861 shares of the company’s stock worth $10,905,000 after purchasing an additional 693 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Procter & Gamble Company (The) by 4.7% during the third quarter. Eqis Capital Management Inc. now owns 35,656 shares of the company’s stock worth $3,244,000 after purchasing an additional 1,603 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in shares of Procter & Gamble Company (The) by 104.5% during the third quarter. Curbstone Financial Management Corp now owns 24,814 shares of the company’s stock worth $2,258,000 after purchasing an additional 12,681 shares in the last quarter. Finally, Cacti Asset Management LLC grew its holdings in shares of Procter & Gamble Company (The) by 1,430.1% during the third quarter. Cacti Asset Management LLC now owns 149,954 shares of the company’s stock worth $13,626,000 after purchasing an additional 140,154 shares in the last quarter. 59.30% of the stock is owned by institutional investors.

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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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