Procter & Gamble (NYSE:PG) Reaches New 12-Month High at $126.77

Procter & Gamble Co (NYSE:PG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $126.77 and last traded at $126.22, with a volume of 132891 shares. The stock had previously closed at $125.96.

Several analysts have recently commented on the company. Goldman Sachs Group restated a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Co boosted their price target on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $119.07.

The firm has a market cap of $310.95 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 3.38 and a beta of 0.40. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $124.20 and a 200-day moving average price of $120.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s payout ratio is 65.93%.

In other Procter & Gamble news, CEO Steven D. Bishop sold 41,165 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the sale, the chief executive officer now owns 45,176 shares of the company’s stock, valued at approximately $5,572,911.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nelson Peltz sold 936,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $123.87, for a total value of $115,977,003.60. Following the completion of the sale, the director now directly owns 3,844 shares in the company, valued at approximately $476,156.28. The disclosure for this sale can be found here. Insiders sold a total of 1,288,513 shares of company stock worth $159,734,252 over the last three months. 1.75% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AMI Asset Management Corp boosted its position in shares of Procter & Gamble by 0.7% during the third quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock worth $1,671,000 after buying an additional 87 shares during the period. Centric Wealth Management boosted its stake in shares of Procter & Gamble by 0.9% during the 3rd quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock worth $1,295,000 after purchasing an additional 91 shares during the period. First Mercantile Trust Co. boosted its stake in shares of Procter & Gamble by 1.5% during the 3rd quarter. First Mercantile Trust Co. now owns 6,164 shares of the company’s stock worth $767,000 after purchasing an additional 92 shares during the period. Winthrop Advisory Group LLC boosted its stake in shares of Procter & Gamble by 0.9% during the 4th quarter. Winthrop Advisory Group LLC now owns 10,963 shares of the company’s stock worth $1,369,000 after purchasing an additional 98 shares during the period. Finally, Planning Solutions Group LLC boosted its stake in shares of Procter & Gamble by 0.8% during the 2nd quarter. Planning Solutions Group LLC now owns 12,121 shares of the company’s stock worth $1,329,000 after purchasing an additional 100 shares during the period. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile (NYSE:PG)

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.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.