Investors Sell Shares of Procter & Gamble (PG) on Strength (PG)
Investors sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading hours on Friday. $186.27 million flowed into the stock on the tick-up and $1,890.96 million flowed out of the stock on the tick-down, for a money net flow of $1,704.69 million out of the stock. Of all stocks tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $1.12 for the day and closed at $102.44
PG has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Wells Fargo & Co reissued a “hold” rating and set a $91.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. Credit Suisse Group assumed coverage on shares of Procter & Gamble in a report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price target for the company. Morgan Stanley raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $91.00 to $106.00 in a report on Thursday, December 13th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Procter & Gamble in a report on Wednesday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average target price of $96.21.
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. The firm has a market cap of $258.25 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.26 and a beta of 0.38.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 18th were issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, January 17th. Procter & Gamble’s payout ratio is 68.01%.
In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the sale, the chairman now directly owns 223,849 shares of the company’s stock, valued at approximately $22,181,197.41. 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 3,224 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $98.57, for a total transaction of $317,789.68. The disclosure for this sale can be found here. Insiders sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last three months. 1.84% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PG. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its holdings in shares of Procter & Gamble by 17.1% in the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock valued at $7,087,000 after purchasing an additional 12,410 shares during the period. Whitener Capital Management Inc. increased its holdings in shares of Procter & Gamble by 4.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 25,952 shares of the company’s stock valued at $2,025,000 after purchasing an additional 1,084 shares during the period. Chemical Bank grew its stake in shares of Procter & Gamble by 2.0% in the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock valued at $8,966,000 after buying an additional 2,141 shares in the last quarter. Peoples Financial Services CORP. grew its stake in shares of Procter & Gamble by 7.4% in the 3rd quarter. Peoples Financial Services CORP. now owns 69,301 shares of the company’s stock valued at $5,767,000 after buying an additional 4,775 shares in the last quarter. Finally, Truepoint Inc. grew its stake in shares of Procter & Gamble by 1,148.6% in the 2nd quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock valued at $23,407,000 after buying an additional 275,846 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
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Procter & Gamble Company Profile (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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