Traders Buy Shares of Procter & Gamble (PG) on Weakness Following Insider Selling

Traders purchased shares of Procter & Gamble Co (NYSE:PG) on weakness during trading hours on Monday after an insider sold shares in the company. $300.23 million flowed into the stock on the tick-up and $216.48 million flowed out of the stock on the tick-down, for a money net flow of $83.75 million into the stock. Of all equities tracked, Procter & Gamble had the highest net in-flow for the day. Procter & Gamble traded down ($1.19) for the day and closed at $93.32Specifically, insider Carolyn M. Tastad sold 19,791 shares of Procter & Gamble stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $92.71, for a total transaction of $1,834,823.61. Following the completion of the transaction, the insider now owns 60,575 shares in the company, valued at approximately $5,615,908.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 1,075 shares of Procter & Gamble stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $92.96, for a total value of $99,932.00. The disclosure for this sale can be found here. Insiders have sold a total of 501,859 shares of company stock valued at $46,337,254 in the last quarter. Company insiders own 1.84% of the company’s stock.

A number of research firms have issued reports on PG. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Jefferies Financial Group reissued a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a research report on Friday, November 9th. Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price on shares of Procter & Gamble in a research report on Monday, October 22nd. SunTrust Banks lifted their target price on shares of Procter & Gamble to $85.00 and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $88.38.

The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $238.26 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.10 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. Procter & Gamble’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were issued a $0.7172 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.07%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

Several large investors have recently bought and sold shares of the stock. Moody Aldrich Partners LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at approximately $73,142,000. Ayalon Holdings Ltd. purchased a new position in Procter & Gamble in the 3rd quarter valued at approximately $108,000. First Mercantile Trust Co. purchased a new position in Procter & Gamble in the 3rd quarter valued at approximately $111,000. RPg Family Wealth Advisory LLC grew its stake in Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after buying an additional 913 shares in the last quarter. Finally, Willingdon Wealth Management grew its stake in Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after buying an additional 1,634 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors.

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Procter & Gamble Company Profile (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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