Procter & Gamble (NYSE:PG) Trading Down 0.8% – Here’s What Happened

The Procter & Gamble Company (NYSE:PG) traded down 0.8% on Thursday . The stock traded as low as $166.03 and last traded at $167.17. 1,443,613 shares were traded during trading, a decline of 77% from the average session volume of 6,404,591 shares. The stock had previously closed at $168.57.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday. Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.47.

Procter & Gamble Trading Down 0.9 %

The stock has a market capitalization of $391.69 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business’s 50-day moving average is $167.71 and its two-hundred day moving average is $169.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.84 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Procter & Gamble

Institutional investors have recently made changes to their positions in the stock. M1 Capital Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $347,000. DSG Capital Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $5,899,000. Chancellor Financial Group WB LP acquired a new position in Procter & Gamble in the fourth quarter worth approximately $1,500,000. 111 Capital acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $716,000. Finally, Thoma Capital Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth about $318,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.