Significant Movements: Procter & Gamble Company (NYSE:PG) , Colgate-Palmolive Company (NYSE:CL)
The stock failed to cross $88.11 in Fridays trading.
In other news, CFO Jon R. Moeller sold 272,591 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $86.26, for a total transaction of $2,170,819.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Procter & Gamble also lost market share in laundry care, while sales of razor blades fell about 10% in the four weeks ended September 11, Bloomberg adds. Following the transaction, the chief financial officer now directly owns 164,269 shares of the company’s stock, valued at $14,117,277.86. Procter & Gamble Co. has a 1-year low of $69.74 and a 1-year high of $88.95. 10 have given the stock a Hold rating, 2 as Underperform and 0 as Sell. Deutsche Bank AG reiterated a “buy” rating and set a $92.00 price objective (up from $85.00) on shares of Procter & Gamble Co.in a research note on Sunday, July 24th. Vetr cut shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price objective for the company.in a research note on Tuesday, July 19th.
The firm’s 50-day moving average is $87.30 and its 200-day moving average is $84.00.
Procter & Gamble’s strengths include its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. The company now has a Return on Equity (ROE) of 17.40% and a Return on Investment (ROI) of 11.60%. (NYSE:PG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business’s revenue for the quarter was down 2.7% compared to the same quarter previous year. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 1.10. The business’s revenue for the quarter was down 2.7% compared to the same quarter past year.
Procter & Gamble Company (The) (NYSE:PG): The stock opened in the green at $87.619 on Friday, but the bulls found it hard to push the prices higher.
A number of institutional investors have recently modified their holdings of the company.
02/16/2016 – Procter & Gamble Company (The) was upgraded to “buy” by analysts at Sterne Agee.
Colgate-Palmolive Co.’s (CL) made a return of -2.70%% in one month through last close, displaying a 1.48% return during the past three months.
07/12/2016 – Procter & Gamble Company (The) had its “neutral” rating reiterated by analysts at Goldman Sachs. The Stock now has a Weekly Volatility of 1.47% and Monthly Volatility of 1.06%. Finally, New England Research & Management Inc. boosted its stake in Procter & Gamble Co.by 3.5% in the first quarter. 9 advised the “Hold” rating about this stock. Now shares have been rated as “Buy” from 8 Analysts.
Procter & Gamble Co (NYSE:PG) is losing ground in selling the personal-care items that Americans use every day. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care.