Investors Sell Procter & Gamble (PG) on Strength (PG)

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Investors sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading on Wednesday. $111.01 million flowed into the stock on the tick-up and $244.35 million flowed out of the stock on the tick-down, for a money net flow of $133.34 million out of the stock. Of all equities tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $1.13 for the day and closed at $101.18

Several research analysts have recently issued reports on PG shares. Zacks Investment Research restated a “hold” rating and issued a $102.00 target price on shares of Procter & Gamble in a report on Monday, December 31st. SunTrust Banks raised their target price on shares of Procter & Gamble to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Wells Fargo & Co restated a “hold” rating and issued a $91.00 target price on shares of Procter & Gamble in a report on Wednesday, January 23rd. Bank of America restated a “buy” rating and issued a $108.00 target price on shares of Procter & Gamble in a report on Tuesday, January 8th. Finally, Citigroup raised their target price on shares of Procter & Gamble from $99.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.21.

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61. The stock has a market cap of $252.23 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The business had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. Analysts anticipate that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 18th were given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

In other news, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the transaction, the chairman now owns 223,849 shares of the company’s stock, valued at approximately $22,181,197.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider R. Alexandra Keith sold 3,027 shares of Procter & Gamble stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,270,496 shares of company stock valued at $224,931,027. 1.84% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of PG. Princeton Global Asset Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $27,000. SeaBridge Investment Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $36,000. Cranbrook Wealth Management LLC raised its position in Procter & Gamble by 55.3% in the 4th quarter. Cranbrook Wealth Management LLC now owns 427 shares of the company’s stock worth $39,000 after buying an additional 152 shares during the last quarter. Smart Portfolios LLC raised its position in Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after buying an additional 146 shares during the last quarter. Finally, Clarfeld Financial Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $57,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

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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.

Further Reading: Dividend Stocks – Are They Right For You?

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