Procter & Gamble (NYSE:PG) Shares Down 1.3% – Should You Sell?

by · The Cerbat Gem

The Procter & Gamble Company (NYSE:PG – Get Free Report)’s stock price dropped 1.3% during trading on Monday . The stock traded as low as $168.87 and last traded at $169.05. Approximately 1,195,728 shares were traded during trading, a decline of 82% from the average daily volume of 6,664,811 shares. The stock had previously closed at $171.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PG shares. TD Cowen started coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Monday. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Citigroup lifted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.00.

View Our Latest Stock Report on PG

Procter & Gamble Stock Performance

The company has a market cap of $400.23 billion, a P/E ratio of 29.21, a PEG ratio of 3.72 and a beta of 0.41. The stock’s 50-day moving average price is $171.87 and its 200-day moving average price is $167.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s payout ratio is 69.48%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,186 shares of company stock worth $65,479,358. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blackston Financial Advisory Group LLC increased its holdings in shares of Procter & Gamble by 6.1% during the third quarter. Blackston Financial Advisory Group LLC now owns 8,765 shares of the company’s stock worth $1,519,000 after buying an additional 507 shares in the last quarter. Heritage Financial Services LLC grew its position in Procter & Gamble by 5.5% during the 3rd quarter. Heritage Financial Services LLC now owns 14,531 shares of the company’s stock worth $2,517,000 after acquiring an additional 758 shares during the last quarter. Ballentine Partners LLC increased its holdings in Procter & Gamble by 9.7% in the 3rd quarter. Ballentine Partners LLC now owns 59,534 shares of the company’s stock worth $10,311,000 after purchasing an additional 5,283 shares in the last quarter. Freedom Day Solutions LLC raised its position in Procter & Gamble by 0.9% in the third quarter. Freedom Day Solutions LLC now owns 10,148 shares of the company’s stock valued at $1,758,000 after purchasing an additional 95 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in shares of Procter & Gamble by 82.7% during the third quarter. Silver Oak Securities Incorporated now owns 22,254 shares of the company’s stock valued at $3,844,000 after purchasing an additional 10,074 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

(Get Free Report)

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.

Read More