Traders sold shares of Procter & Gamble Company (The) (NYSE:PG) on strength during trading hours on Tuesday. $40.80 million flowed into the stock on the tick-up and $108.93 million flowed out of the stock on the tick-down, for a money net flow of $68.13 million out of the stock. Of all equities tracked, Procter & Gamble had the 7th highest net out-flow for the day. Procter & Gamble traded up $0.35 for the day and closed at $92.48
Several research firms recently issued reports on PG. Jefferies Group reissued a “buy” rating and issued a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a research report on Wednesday, September 20th. Vetr raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a research report on Friday, September 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Procter & Gamble in a research report on Wednesday, September 6th. Morgan Stanley cut their price target on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $88.57.
The company has a market capitalization of $233,730.00, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.
In other news, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock valued at $1,927,095 in the last quarter. 0.35% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Planning Services Ltd. lifted its holdings in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $125,000. Blume Capital Management Inc. lifted its stake in shares of Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after buying an additional 300 shares during the period. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $173,000. 59.56% of the stock is owned by hedge funds and other institutional investors.
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Procter & Gamble Company Profile
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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