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

Investors sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading on Thursday. $102.50 million flowed into the stock on the tick-up and $214.71 million flowed out of the stock on the tick-down, for a money net flow of $112.21 million out of the stock. Of all equities tracked, Procter & Gamble had the 10th highest net out-flow for the day. Procter & Gamble traded up $0.14 for the day and closed at $101.32

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Macquarie set a $110.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Credit Suisse Group assumed coverage on shares of Procter & Gamble in a research report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price target on the stock. Bank of America reissued a “buy” rating and set a $108.00 price target on shares of Procter & Gamble in a research report on Tuesday, January 8th. Finally, Citigroup raised their price target on shares of Procter & Gamble from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Monday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average target price of $96.21.

The stock has a market capitalization of $252.23 billion, a P/E ratio of 24.01, a PEG ratio of 3.26 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 18th were given a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio is 68.01%.

In other Procter & Gamble news, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $100.12, for a total value of $123,748.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary A. Coombe sold 9,000 shares of Procter & Gamble stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $93.90, for a total transaction of $845,100.00. Following the completion of the sale, the insider now directly owns 18,517 shares in the company, valued at approximately $1,738,746.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,270,496 shares of company stock worth $224,931,027. Insiders own 1.84% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sowell Financial Services LLC raised its position in shares of Procter & Gamble by 12.2% in the fourth quarter. Sowell Financial Services LLC now owns 33,014 shares of the company’s stock valued at $3,035,000 after purchasing an additional 3,596 shares during the period. Amussen Hunsaker Associates LLC raised its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Amussen Hunsaker Associates LLC now owns 11,665 shares of the company’s stock valued at $1,072,000 after purchasing an additional 375 shares during the period. Norges Bank bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $2,238,298,000. Actinver Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $2,149,000. Finally, Foster Victor Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $961,000. 60.74% of the stock is currently owned by institutional investors.

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About Procter & Gamble (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.

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