Procter & Gamble (NYSE:PG) Stock Price Down 1% – Here’s Why

Shares of The Procter & Gamble Company (NYSE:PG) were down 1% on Monday . The company traded as low as $170.43 and last traded at $172.12. Approximately 1,599,552 shares changed hands during trading, a decline of 76% from the average daily volume of 6,692,492 shares. The stock had previously closed at $173.82.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Trading Down 1.6 %

The stock has a market capitalization of $402.90 billion, a PE ratio of 29.68, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $170.76 and a 200 day moving average price of $169.40.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,080 shares of company stock valued at $14,629,038. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently added to or reduced their stakes in PG. Concurrent Investment Advisors LLC raised its stake in Procter & Gamble by 4.5% during the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after purchasing an additional 4,035 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $5,705,000. Welch Group LLC lifted its holdings in shares of Procter & Gamble by 0.9% in the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company’s stock valued at $56,094,000 after acquiring an additional 2,990 shares during the last quarter. Swiss National Bank increased its stake in Procter & Gamble by 0.6% during the third quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock worth $1,213,403,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Curi RMB Capital LLC raised its position in Procter & Gamble by 20.3% during the third quarter. Curi RMB Capital LLC now owns 21,655 shares of the company’s stock valued at $3,751,000 after purchasing an additional 3,652 shares during the period. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.