Traders Buy Shares of Procter & Gamble Company (The) (PG) on Weakness

Traders bought shares of Procter & Gamble Company (The) (NYSE:PG) on weakness during trading hours on Friday. $587.44 million flowed into the stock on the tick-up and $81.54 million flowed out of the stock on the tick-down, for a money net flow of $505.90 million into the stock. Of all companies tracked, Procter & Gamble Company (The) had the 6th highest net in-flow for the day. Procter & Gamble Company (The) traded down ($0.28) for the day and closed at $93.27

PG has been the topic of a number of recent research reports. Vetr raised Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 price objective on the stock in a research note on Thursday, May 18th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Macquarie assumed coverage on Procter & Gamble Company (The) in a research note on Thursday. They issued an “outperform” rating and a $102.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.39.

The stock has a market cap of $237.84 billion, a PE ratio of 16.68 and a beta of 0.68. The stock’s 50 day moving average is $92.13 and its 200-day moving average is $89.58.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In other news, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. W. E. Donoghue & Co. LLC bought a new position in shares of Procter & Gamble Company (The) during the second quarter valued at approximately $15,710,000. Intl Fcstone Inc. grew its holdings in shares of Procter & Gamble Company (The) by 110.1% during the second quarter. Intl Fcstone Inc. now owns 23,054 shares of the company’s stock valued at $2,009,000 after purchasing an additional 12,083 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Procter & Gamble Company (The) during the second quarter valued at approximately $4,690,000. Gs Investments Inc. bought a new position in shares of Procter & Gamble Company (The) during the second quarter valued at approximately $1,119,000. Finally, Aldebaran Financial Inc. grew its holdings in shares of Procter & Gamble Company (The) by 1.0% during the second quarter. Aldebaran Financial Inc. now owns 46,408 shares of the company’s stock valued at $4,044,000 after purchasing an additional 463 shares during the last quarter. 59.33% of the stock is owned by institutional investors.

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Procter & Gamble Company (The) 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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