Procter & Gamble Co (NYSE:PG) was the target of unusually large options trading activity on Tuesday. Stock investors bought 823 call options on the company. This is an increase of 294% compared to the typical volume of 209 call options.

Procter & Gamble Co (NYSE:PG) last announced its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The company had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.70 billion. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. Procter & Gamble Co’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, April 19th. This is a positive change from Procter & Gamble Co’s previous quarterly dividend of $0.67. Procter & Gamble Co’s dividend payout ratio (DPR) is 48.73%.

In other Procter & Gamble Co news, insider Patrice Louvet sold 3,837 shares of Procter & Gamble Co stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $87.00, for a total value of $333,819.00. Following the completion of the transaction, the insider now directly owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ioannis Skoufalos sold 3,879 shares of Procter & Gamble Co stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders sold a total of 199,891 shares of company stock valued at $17,276,637 over the last three months. Corporate insiders own 0.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PG. Empirical Finance LLC bought a new position in shares of Procter & Gamble Co during the fourth quarter valued at $101,000. AllSquare Wealth Management LLC raised its position in shares of Procter & Gamble Co by 9.7% in the first quarter. AllSquare Wealth Management LLC now owns 1,133 shares of the company’s stock valued at $102,000 after buying an additional 100 shares during the period. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble Co by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the period. Kernodle & Katon Asset Management Group LLC raised its position in shares of Procter & Gamble Co by 5.1% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 1,232 shares of the company’s stock valued at $111,000 after buying an additional 60 shares during the period. Finally, Massey Quick & Co. LLC raised its position in shares of Procter & Gamble Co by 17.5% in the first quarter. Massey Quick & Co. LLC now owns 3,818 shares of the company’s stock valued at $131,000 after buying an additional 568 shares during the period. 68.33% of the stock is owned by institutional investors.

A number of equities analysts have commented on PG shares. Jefferies Group LLC reissued a “buy” rating and issued a $101.00 price objective on shares of Procter & Gamble Co in a research note on Thursday, March 16th. Vetr raised shares of Procter & Gamble Co from a “hold” rating to a “buy” rating and set a $94.67 price objective for the company in a research note on Wednesday, April 26th. Barclays PLC set a $93.00 price objective on shares of Procter & Gamble Co and gave the stock a “hold” rating in a research note on Saturday, February 18th. Deutsche Bank AG reissued a “hold” rating and issued a $90.00 price objective on shares of Procter & Gamble Co in a research note on Thursday, February 16th. Finally, Zacks Investment Research raised shares of Procter & Gamble Co from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble Co presently has a consensus rating of “Hold” and an average price target of $92.34.

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About Procter & Gamble Co

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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