The Procter & Gamble Co. (PG) Short Interest Update

The Procter & Gamble Co. (PG) Short Interest Update

Procter & Gamble Co. (NYSE:PG) was the target of a large decline in short interest in the month of October. As of October 14th, there was short interest totalling 95,079,886 shares, a decline of 67.4% from the September 30th total of 291,390,359 shares. Based on an average trading volume of 25,952,952 shares, the short-interest ratio is presently 3.7 days. Currently, 3.6% of the company’s shares are short sold.

A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $106.00 price objective on shares of Procter & Gamble Co. in a research report on Monday. Jefferies Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $92.00 target price (up from $90.00) on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Citigroup Inc. reaffirmed a “buy” rating on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Finally, Credit Agricole SA raised Procter & Gamble Co. from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $95.00 in a research report on Wednesday, October 26th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.05.

Shares of Procter & Gamble Co. (NYSE:PG) opened at 86.84 on Monday. Procter & Gamble Co. has a 1-year low of $73.95 and a 1-year high of $90.33. The stock’s 50 day moving average price is $87.77 and its 200 day moving average price is $84.96. The stock has a market cap of $232.38 billion, a PE ratio of 23.16 and a beta of 0.54.

Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. The firm earned $16.50 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same quarter last year, the firm earned $0.98 EPS. Procter & Gamble Co.’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Co. will post $3.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be paid a dividend of $0.6695 per share. The ex-dividend date is Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.08%. Procter & Gamble Co.’s dividend payout ratio (DPR) is presently 71.66%.

In related news, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the completion of the sale, the chief executive officer now directly owns 136,933 shares of the company’s stock, valued at approximately $11,743,374.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total value of $313,339.50. Following the sale, the insider now directly owns 19,953 shares of the company’s stock, valued at $1,785,793.50. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

A number of large investors have recently modified their holdings of PG. Financial Architects Inc raised its stake in shares of Procter & Gamble Co. by 39.8% in the second quarter. Financial Architects Inc now owns 7,109 shares of the company’s stock worth $602,000 after buying an additional 2,025 shares during the period. RidgeWorth Capital Management LLC raised its stake in shares of Procter & Gamble Co. by 20.5% in the second quarter. RidgeWorth Capital Management LLC now owns 1,488,391 shares of the company’s stock worth $126,186,000 after buying an additional 252,832 shares during the period. BlackRock Fund Advisors raised its stake in shares of Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares during the period. Ngam Advisors L.P. raised its stake in shares of Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Procter & Gamble Co. by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares during the period. Hedge funds and other institutional investors own 58.99% of the company’s stock.

About Procter & Gamble Co.

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