Procter & Gamble Sees Unusually High Options Volume (NYSE:PG)

The Procter & Gamble Company (NYSE:PG) was the target of some unusual options trading on Friday. Investors purchased 32,103 call options on the stock. This represents an increase of approximately 38% compared to the typical volume of 23,211 call options.

Insider Activity

In related news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the transaction, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $50,897,483.94. This represents a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. This represents a 25.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $33,000. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at about $34,000. Finally, Quest Partners LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PG. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. TD Cowen assumed coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Piper Sandler initiated coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, DA Davidson boosted their price objective on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Stock Up 1.5 %

PG opened at $169.57 on Friday. The business has a 50 day simple moving average of $170.44 and a 200-day simple moving average of $168.27. Procter & Gamble has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market capitalization of $399.34 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS. On average, equities analysts anticipate that Procter & Gamble will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s payout ratio is 69.48%.

Procter & Gamble Company Profile

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.