Procter & Gamble Co Sees Unusually Large Options Volume (PG)
Procter & Gamble Co (NYSE:PG) saw unusually large options trading activity on Wednesday. Stock traders acquired 2,865 call options on the company. This is an increase of 821% compared to the average daily volume of 311 call options.
In related news, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $86.17, for a total value of $334,253.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrice Louvet sold 62,350 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,891 shares of company stock valued at $17,276,637. 0.35% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Empirical Finance LLC acquired a new stake in Procter & Gamble Co during the fourth quarter valued at $101,000. AllSquare Wealth Management LLC boosted its stake in 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 last quarter. Asset Planning Services Ltd. boosted its stake in 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 last quarter. Kernodle & Katon Asset Management Group LLC boosted its stake in 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 last quarter. Finally, Massey Quick & Co. LLC boosted its stake in 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 last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.
A number of analysts recently weighed in on the stock. Vetr raised shares of Procter & Gamble Co from a “buy” rating to a “strong-buy” rating and set a $96.50 price objective for the company in a research note on Thursday, May 18th. Stifel Nicolaus lowered their price objective on shares of Procter & Gamble Co from $88.00 to $87.00 and set a “hold” rating for the company in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Procter & Gamble Co in a research note on Wednesday, April 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Co in a research note on Monday, April 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble Co from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned 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 target price of $92.90.
Procter & Gamble Co (NYSE:PG) traded up 0.73% during trading on Wednesday, hitting $88.70. 3,141,318 shares of the stock traded hands. The company has a market cap of $226.86 billion, a P/E ratio of 16.31 and a beta of 0.65. The company’s 50 day moving average price is $87.20 and its 200 day moving average price is $87.58. Procter & Gamble Co has a 12 month low of $80.95 and a 12 month high of $92.00.
Procter & Gamble Co (NYSE:PG) last posted its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The firm had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Procter & Gamble Co had a return on equity of 18.83% and a net margin of 16.38%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts anticipate that Procter & Gamble Co will post $3.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were paid a dividend of $0.6896 per share. This is a boost from Procter & Gamble Co’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $2.76 annualized dividend and a yield of 3.13%. Procter & Gamble Co’s payout ratio is presently 50.55%.
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Procter & Gamble Co Company Profile
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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