Procter & Gamble (NYSE:PG) Stock Passes Above 200 Day Moving Average of $116.01

Procter & Gamble Co (NYSE:PG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $116.01 and traded as high as $120.92. Procter & Gamble shares last traded at $120.18, with a volume of 295,198 shares.

PG has been the topic of several recent analyst reports. Goldman Sachs Group reissued a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Macquarie raised their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks raised their target price on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $116.71.

The company has a 50-day simple moving average of $121.04 and a two-hundred day simple moving average of $116.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The firm has a market capitalization of $300.11 billion, a P/E ratio of 26.66, a PEG ratio of 3.26 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. As a group, research analysts forecast that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a dividend of $0.7459 per share. The ex-dividend date was Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.48%. Procter & Gamble’s payout ratio is 65.93%.

In other Procter & Gamble news, Director Nelson Peltz sold 936,280 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the sale, the director now directly owns 3,844 shares of the company’s stock, valued at approximately $476,156.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marylynn Fergusonmchugh sold 2,680 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $119.93, for a total value of $321,412.40. Following the sale, the chief executive officer now directly owns 84,901 shares in the company, valued at $10,182,176.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,290,723 shares of company stock worth $159,996,259. Insiders own 1.75% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PG. Lodestar Investment Counsel LLC IL lifted its holdings in shares of Procter & Gamble by 0.5% during the second quarter. Lodestar Investment Counsel LLC IL now owns 78,390 shares of the company’s stock valued at $8,595,000 after purchasing an additional 401 shares during the last quarter. AMF Pensionsforsakring AB raised its holdings in Procter & Gamble by 2.0% in the 2nd quarter. AMF Pensionsforsakring AB now owns 2,205,395 shares of the company’s stock worth $241,822,000 after acquiring an additional 44,006 shares during the last quarter. Chicago Capital LLC raised its holdings in Procter & Gamble by 24.1% in the 2nd quarter. Chicago Capital LLC now owns 35,931 shares of the company’s stock worth $3,940,000 after acquiring an additional 6,980 shares during the last quarter. Cypress Capital LLC raised its holdings in Procter & Gamble by 3.5% in the 2nd quarter. Cypress Capital LLC now owns 7,297 shares of the company’s stock worth $800,000 after acquiring an additional 248 shares during the last quarter. Finally, Lourd Capital LLC raised its holdings in Procter & Gamble by 6.1% in the 2nd quarter. Lourd Capital LLC now owns 18,648 shares of the company’s stock worth $2,045,000 after acquiring an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

About Procter & Gamble (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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