Investors 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 hours on Wednesday. $195.77 million flowed into the stock on the tick-up and $122.63 million flowed out of the stock on the tick-down, for a money net flow of $73.14 million into the stock. Of all stocks tracked, Procter & Gamble had the 2nd highest net in-flow for the day. Procter & Gamble traded down ($0.22) for the day and closed at $91.29

A number of analysts recently commented on the company. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Citigroup raised their price target on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday, October 22nd. UBS Group raised their price target on Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, October 22nd. SunTrust Banks raised their price target on Procter & Gamble to $85.00 and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co raised their price target on Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.00.

The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $226.41 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. Equities analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be issued 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 yield of 3.14%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In other news, insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $89.89, for a total transaction of $131,509.07. Following the completion of the transaction, the insider now directly owns 45,018 shares in the company, valued at $4,046,668.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the transaction, the insider now owns 113,638 shares of the company’s stock, valued at $9,244,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,477 shares of company stock valued at $6,125,522. 1.84% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of PG. RPg Family Wealth Advisory LLC increased its holdings in Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares in the last quarter. Ayalon Holdings Ltd. bought a new stake in Procter & Gamble in the 3rd quarter worth about $108,000. CSat Investment Advisory L.P. bought a new stake in Procter & Gamble in the 2nd quarter worth about $113,000. Fort L.P. bought a new stake in Procter & Gamble in the 2nd quarter worth about $124,000. Finally, Willingdon Wealth Management increased its holdings in Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after buying an additional 1,634 shares in the last quarter. Hedge funds and other institutional investors own 58.54% of the company’s stock.

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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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