Procter & Gamble (NYSE:PG) Trading Down 0.7% – What’s Next?

Shares of The Procter & Gamble Company (NYSE:PG) fell 0.7% during trading on Monday . The company traded as low as $166.71 and last traded at $166.88. 952,649 shares were traded during trading, a decline of 86% from the average session volume of 6,730,623 shares. The stock had previously closed at $168.06.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Finally, Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Price Performance

The company has a market cap of $392.96 billion, a P/E ratio of 28.77, a P/E/G ratio of 3.70 and a beta of 0.44. The company’s 50-day moving average price is $170.80 and its two-hundred day moving average price is $169.78. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.41%. Procter & Gamble’s payout ratio is 69.31%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,080 shares of company stock valued at $14,629,038. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Procter & Gamble by 266.7% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 16,500 shares of the company’s stock valued at $2,721,000 after purchasing an additional 12,000 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in Procter & Gamble by 5.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 28,062 shares of the company’s stock worth $4,628,000 after acquiring an additional 1,543 shares during the period. AlphaStar Capital Management LLC lifted its holdings in Procter & Gamble by 11.0% in the 2nd quarter. AlphaStar Capital Management LLC now owns 19,519 shares of the company’s stock valued at $3,219,000 after acquiring an additional 1,929 shares during the last quarter. Dearborn Partners LLC boosted its position in shares of Procter & Gamble by 0.8% during the 2nd quarter. Dearborn Partners LLC now owns 68,333 shares of the company’s stock valued at $11,269,000 after purchasing an additional 559 shares in the last quarter. Finally, Aspen Investment Management Inc raised its holdings in shares of Procter & Gamble by 3.1% in the 2nd quarter. Aspen Investment Management Inc now owns 7,477 shares of the company’s stock worth $1,233,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.