Investors Buy Large Volume of Procter & Gamble Company (The) Put Options (PG)

Procter & Gamble Company (The) (NYSE:PG) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 10,086 put options on the company. This represents an increase of 1,022% compared to the average daily volume of 899 put options.

Procter & Gamble Company (NYSE PG) traded up 0.31% during mid-day trading on Friday, hitting $89.66. 13,855,018 shares of the stock traded hands. Procter & Gamble Company has a 1-year low of $80.95 and a 1-year high of $92.00. The company’s 50 day moving average price is $87.26 and its 200-day moving average price is $87.64. The stock has a market cap of $229.32 billion, a price-to-earnings ratio of 16.48 and a beta of 0.65.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.70 billion. Procter & Gamble Company (The) had a net margin of 23.14% and a return on equity of 19.30%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. Analysts predict that Procter & Gamble Company will post $3.85 earnings per share for the current year.

In other news, insider Patrice Louvet sold 3,837 shares of Procter & Gamble Company (The) stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $87.00, for a total transaction of $333,819.00. Following the completion of the transaction, the insider now directly owns 46,913 shares in the company, valued at $4,081,431. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven D. Bishop sold 2,668 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $87.34, for a total transaction of $233,023.12. Following the transaction, the insider now owns 43,608 shares of the company’s stock, valued at $3,808,722.72. The disclosure for this sale can be found here. Insiders have sold 199,891 shares of company stock valued at $17,276,637 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. RKL Wealth Management LLC increased its position in Procter & Gamble Company (The) by 19.0% in the third quarter. RKL Wealth Management LLC now owns 17,434 shares of the company’s stock worth $1,565,000 after buying an additional 2,781 shares during the last quarter. Adirondack Trust Co. increased its position in Procter & Gamble Company (The) by 2.4% in the third quarter. Adirondack Trust Co. now owns 37,751 shares of the company’s stock worth $3,388,000 after buying an additional 898 shares during the last quarter. West Coast Financial LLC increased its position in Procter & Gamble Company (The) by 125.8% in the third quarter. West Coast Financial LLC now owns 10,040 shares of the company’s stock worth $901,000 after buying an additional 5,593 shares during the last quarter. Rathbone Brothers plc increased its position in Procter & Gamble Company (The) by 7.6% in the third quarter. Rathbone Brothers plc now owns 154,224 shares of the company’s stock worth $13,842,000 after buying an additional 10,953 shares during the last quarter. Finally, Navellier & Associates Inc increased its position in Procter & Gamble Company (The) by 5.9% in the third quarter. Navellier & Associates Inc now owns 24,719 shares of the company’s stock worth $2,219,000 after buying an additional 1,387 shares during the last quarter. 60.23% of the stock is currently owned by institutional investors.

PG has been the topic of several analyst reports. Jefferies Group LLC restated a “buy” rating and set a $101.00 price target on shares of Procter & Gamble Company (The) in a report on Thursday, March 16th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $87.23 price target on the stock. in a report on Monday, February 27th. J P Morgan Chase & Co initiated coverage on shares of Procter & Gamble Company (The) in a report on Tuesday, March 21st. They set a “neutral” rating and a $98.00 price target on the stock. Finally, Evercore ISI restated an “underweight” rating on shares of Procter & Gamble Company (The) in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $92.90.

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About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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