The Procter & Gamble Company Sees Significant Decrease in Short Interest (PG)
Shares of The Procter & Gamble Company (NYSE:PG) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 18,892,099 shares, a decline of 19.5% from the April 15th total of 23,469,244 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 8,400,035 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.7% of the shares of the stock are short sold.
In other The Procter & Gamble Company news, Insider Deborah Henretta sold 48,724 shares of the stock on the open market in a transaction dated Monday, May 19th. The stock was sold at an average price of $79.96, for a total value of $3,895,971.04. Following the sale, the insider now directly owns 175,466 shares in the company, valued at approximately $14,030,261. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at B. Riley reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Wednesday, April 30th. They now have a $88.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Procter & Gamble Company in a research note on Thursday, April 24th. They now have a $92.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Thursday, April 24th. They now have a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The Procter & Gamble Company currently has an average rating of “Hold” and an average price target of $86.91.
The Procter & Gamble Company (NYSE:PG) opened at 80.65 on Friday. The Procter & Gamble Company has a 52 week low of $73.61 and a 52 week high of $85.82. The stock’s 50-day moving average is $81.23 and its 200-day moving average is $80.68. The company has a market cap of $218.2 billion and a price-to-earnings ratio of 21.46.
The Procter & Gamble Company (NYSE:PG) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post $4.20 EPS for the current fiscal year.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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