Procter & Gamble Co (NYSE:PG) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 20,802,600 shares, a growth of 9.8% from the June 30th total of 18,952,600 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 7,590,000 shares, the short-interest ratio is currently 2.7 days.
PG traded down $0.89 during trading on Wednesday, hitting $116.36. 5,289,531 shares of the stock were exchanged, compared to its average volume of 8,200,241. The stock has a 50 day moving average price of $114.53. The firm has a market capitalization of $292.21 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.38 and a beta of 0.45. Procter & Gamble has a 1 year low of $78.49 and a 1 year high of $121.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. Procter & Gamble’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. As a group, equities analysts forecast that Procter & Gamble will post 4.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a dividend of $0.7459 per share. The ex-dividend date is Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.56%. Procter & Gamble’s payout ratio is currently 65.93%.
In other news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $116.00, for a total value of $4,295,132.00. Following the completion of the sale, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at approximately $13,073,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 25,645 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total value of $2,720,421.60. The disclosure for this sale can be found here. Insiders sold a total of 160,862 shares of company stock valued at $18,157,146 over the last ninety days. Corporate insiders own 1.84% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $4,943,000. Point72 Asset Management L.P. acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $4,463,000. Harfst & Associates Inc. boosted its position in shares of Procter & Gamble by 0.5% in the 2nd quarter. Harfst & Associates Inc. now owns 86,501 shares of the company’s stock worth $9,484,000 after purchasing an additional 397 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Procter & Gamble by 8.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 18,553 shares of the company’s stock worth $2,035,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Vivaldi Capital Management LLC boosted its position in shares of Procter & Gamble by 352.5% in the 2nd quarter. Vivaldi Capital Management LLC now owns 20,115 shares of the company’s stock worth $2,206,000 after purchasing an additional 15,670 shares in the last quarter. Institutional investors own 62.17% of the company’s stock.
PG has been the subject of several analyst reports. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank increased their price target on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. UBS Group set a $122.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $108.15.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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