The Procter & Gamble Company (NYSE:PG) Short Interest Down 20.2% in April


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The Procter & Gamble Company (NYSE:PG) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 13,370,000 shares, a drop of 20.2% from the March 31st total of 16,750,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 8,370,000 shares, the short-interest ratio is presently 1.6 days.

Several research analysts have commented on PG shares. JPMorgan Chase & Co. cut their price target on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, April 27th. Stifel Nicolaus downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a report on Thursday, January 28th. Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a report on Wednesday, April 21st. Finally, Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Friday, January 22nd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $148.93.

In related news, CFO Jon R. Moeller sold 6,536 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $822,032.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 12,872 shares of the firm’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $135.47, for a total transaction of $1,743,769.84. In the last 90 days, insiders have sold 560,215 shares of company stock valued at $72,179,449. 0.70% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Global Trust Asset Management LLC raised its holdings in The Procter & Gamble by 0.9% in the 4th quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock worth $1,140,000 after purchasing an additional 75 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in The Procter & Gamble by 0.4% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,818 shares of the company’s stock worth $2,479,000 after acquiring an additional 78 shares in the last quarter. WoodTrust Financial Corp grew its stake in shares of The Procter & Gamble by 3.2% in the first quarter. WoodTrust Financial Corp now owns 2,506 shares of the company’s stock worth $339,000 after acquiring an additional 78 shares during the last quarter. West Oak Capital LLC increased its holdings in shares of The Procter & Gamble by 0.5% during the first quarter. West Oak Capital LLC now owns 17,650 shares of the company’s stock valued at $2,390,000 after acquiring an additional 80 shares in the last quarter. Finally, Emerald Advisors LLC raised its position in shares of The Procter & Gamble by 2.4% in the 1st quarter. Emerald Advisors LLC now owns 3,411 shares of the company’s stock worth $462,000 after purchasing an additional 80 shares during the last quarter. 63.05% of the stock is owned by institutional investors and hedge funds.

NYSE:PG traded down $0.46 during trading hours on Tuesday, reaching $134.54. The company’s stock had a trading volume of 9,605,546 shares, compared to its average volume of 8,296,208. The firm has a market capitalization of $329.39 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.25 and a beta of 0.38. The firm has a 50-day simple moving average of $134.03 and a 200-day simple moving average of $134.74. The Procter & Gamble has a 1 year low of $111.25 and a 1 year high of $146.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. During the same quarter last year, the company earned $1.17 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble will post 5.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be paid a dividend of $0.8698 per share. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, April 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.59%. The Procter & Gamble’s payout ratio is presently 67.97%.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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