Procter & Gamble Co. Sees Unusually Large Options Volume (PG)
Procter & Gamble Co. (NYSE:PG) was the target of some unusual options trading on Monday. Stock traders acquired 36,238 put options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 284% compared to the average daily volume of 9,440 put options.
PG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Procter & Gamble Co. in a research note to investors on Thursday, December 12th. They now have a $88.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Procter & Gamble Co. in a research note to investors on Tuesday, November 26th. They set a “sector perform” rating and a $91.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Procter & Gamble Co. has a consensus rating of “Hold” and an average price target of $86.21.
Shares of Procter & Gamble Co. (NYSE:PG) opened at 79.88 on Tuesday. Procter & Gamble Co. has a 52-week low of $69.75 and a 52-week high of $85.82. The stock’s 50-day moving average is $81.87 and its 200-day moving average is $80.54. The company has a market cap of $217.1 billion and a P/E ratio of 20.47.
Procter & Gamble Co. (NYSE:PG) last released its earnings data on Friday, October 25th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.01. The company had revenue of $21.21 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Procter & Gamble Co. will post $4.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of 0.6015 per share. This represents a $2.41 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, January 22nd.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.