Short Interest in Procter & Gamble Co (NYSE:PG) Expands By 12.4%

Procter & Gamble Co (NYSE:PG) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 22,910,400 shares, a growth of 12.4% from the May 15th total of 20,391,100 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 6,790,000 shares, the short-interest ratio is currently 3.4 days.

PG stock traded down $0.43 during trading on Friday, hitting $115.01. The company had a trading volume of 6,547,013 shares, compared to its average volume of 6,852,603. The company has a market capitalization of $289.56 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The firm has a 50 day moving average price of $110.90. Procter & Gamble has a fifty-two week low of $77.54 and a fifty-two week high of $116.52. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The company had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the company earned $1.00 EPS. Procter & Gamble’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Procter & Gamble will post 4.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s payout ratio is 70.62%.

A number of research firms have recently commented on PG. Deutsche Bank reissued a “buy” rating and set a GBX 430 ($5.62) target price on shares of in a research report on Monday, June 17th. UBS Group boosted their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Goldman Sachs Group raised shares of to a “neutral” rating and reduced their price target for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. Credit Suisse Group set a $100.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Friday, May 10th. Finally, Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $102.32.

In other news, Chairman David S. Taylor sold 23,045 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $107.95, for a total value of $2,487,707.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David S. Taylor sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $106.83, for a total transaction of $2,136,600.00. Following the completion of the transaction, the chairman now owns 246,837 shares of the company’s stock, valued at approximately $26,369,596.71. The disclosure for this sale can be found here. Insiders sold a total of 320,840 shares of company stock worth $33,904,086 over the last ninety days. Insiders own 1.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PG. Northeast Financial Consultants Inc boosted its position in shares of Procter & Gamble by 33.3% in the 3rd quarter. Northeast Financial Consultants Inc now owns 10,480 shares of the company’s stock worth $872,000 after purchasing an additional 2,620 shares in the last quarter. Summit Financial Strategies Inc. boosted its position in shares of Procter & Gamble by 6.4% in the 3rd quarter. Summit Financial Strategies Inc. now owns 11,540 shares of the company’s stock worth $960,000 after purchasing an additional 698 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in shares of Procter & Gamble by 68.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 97,600 shares of the company’s stock worth $8,123,000 after purchasing an additional 39,600 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Procter & Gamble by 1.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 91,035 shares of the company’s stock worth $7,576,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Procter & Gamble by 5,578,292.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock worth $2,028,947,000 after purchasing an additional 24,377,140 shares in the last quarter. 62.24% of the stock is owned by institutional investors.

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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