Procter & Gamble (NYSE:PG) Trading Up 1.7% – Here’s What Happened

Shares of The Procter & Gamble Company (NYSE:PG) shot up 1.7% during trading on Friday . The company traded as high as $166.44 and last traded at $166.25. 1,491,601 shares traded hands during trading, a decline of 78% from the average session volume of 6,637,094 shares. The stock had previously closed at $163.41.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PG. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market cap of $393.72 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The firm’s 50 day moving average is $171.29 and its 200 day moving average is $168.13.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping 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 net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the transaction, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the transaction, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Procter & Gamble

Several large investors have recently made changes to their positions in PG. Segall Bryant & Hamill LLC purchased a new stake in Procter & Gamble during the third quarter worth $5,250,000. Prospera Private Wealth LLC boosted its holdings in Procter & Gamble by 240.7% during the third quarter. Prospera Private Wealth LLC now owns 10,589 shares of the company’s stock worth $1,834,000 after buying an additional 7,481 shares in the last quarter. Counterweight Ventures LLC purchased a new stake in Procter & Gamble during the third quarter worth $251,000. West Family Investments Inc. boosted its holdings in Procter & Gamble by 15.6% during the third quarter. West Family Investments Inc. now owns 11,743 shares of the company’s stock worth $2,034,000 after buying an additional 1,586 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Procter & Gamble during the third quarter worth $301,950,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble

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.