Stock Traders Purchase Large Volume of Call Options on Procter & Gamble Co. (PG)
Procter & Gamble Co. (NYSE:PG) was the target of some unusual options trading on Tuesday. Investors acquired 28,422 call options on the company, American Banking and Market News reports. This represents an increase of approximately 171% compared to the typical volume of 10,470 call options.
A number of analysts have recently weighed in on PG shares. 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.21.
Shares of Procter & Gamble Co. (NYSE:PG) opened at 79.5785 on Wednesday. Procter & Gamble Co. has a 52-week low of $69.80 and a 52-week high of $85.82. The stock has a 50-day moving average of $81.75 and a 200-day moving average of $80.58. The company has a market cap of $216.3 billion and a price-to-earnings ratio of 20.30.
Procter & Gamble Co. (NYSE:PG) last announced its earnings results 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 announced a quarterly dividend, which is scheduled for Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of 0.6015 per share. This represents a $2.41 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, January 22nd.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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