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

Investors purchased shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading on Wednesday. $140.25 million flowed into the stock on the tick-up and $83.83 million flowed out of the stock on the tick-down, for a money net flow of $56.42 million into the stock. Of all companies tracked, Procter & Gamble Company (The) had the 13th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.16) for the day and closed at $91.46

PG has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Vetr downgraded 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 research note on Monday, July 3rd. 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. The company has a consensus rating of “Hold” and an average target price of $90.00.

The stock has a 50-day moving average price of $92.56 and a 200-day moving average price of $89.75. The company has a market capitalization of $233.22 billion, a P/E ratio of 16.35 and a beta of 0.67.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,792 shares of company stock valued at $4,216,070. Company insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Planning Services Ltd. raised its stake in shares of Procter & Gamble Company (The) by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble Company (The) during the 2nd quarter worth approximately $119,000. Blume Capital Management Inc. raised its stake in shares of Procter & Gamble Company (The) by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new position in shares of Procter & Gamble Company (The) during the 1st quarter worth approximately $184,000. Hedge funds and other institutional investors own 59.30% 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.

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