President – Global Baby Francisco Ma. Fatima sold 9,404 shares in The Procter & Gamble Company (NYSE:PG) for $23,242 in transaction occurred on 2019/02/06. After making this transaction, the President – Global Baby owns a direct stake of 921,686 shares, worth $2,270,976, as per the last closing price. On 2019/02/06 Jejurikar Shailesh, President – Global Fabric Care at PG, dumped 9,910 shares at an average price of $97.79 per share. The selling total is valued at $3,119,099.
Separately, it had been reported that some other PG insiders also took part of the insider trading activity. Sr VP, Comptroller & Treasurer, Sheppard Valarie L had divested 1,026 shares for $27,373 through a trade on 2019/02/05. Following this activity, the insider holds 99,932 shares worth $2,674,616 as of recent close. Wall Street’s most bullish The Procter & Gamble Company (NYSE:PG) analysts are predicting the share price to blow past $108 per share during the next 12 months. The current median share price forecast by them is $95, suggesting that the stock could increase -2.77% in that time frame. The average price target of $97.67 calls for a nearly -0.04% increase in the stock price.
The Procter & Gamble Company (PG) trading activity significantly weakened as the volume at ready counter decreased to 7,472,758 shares versus 10,491,775 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 10,546,182 shares. The share price rose 0.59% in recent trade and currently has a stock-market value of $243B. The shares finished at $97.71, after trading as low as $96.7 earlier in the session. It hit an intraday high Friday at $97.72. The stock is now 38.15% above against its bear-market low of $70.73 on May 02, 2018. It has retreated -0.62% since it’s 52-week high of $98.32 reached in February. Now the market price is up 19.39% on the year and up 6.3% YTD.
PG’s 50 day simple moving average (SMA 50) price is $93.15 and its 200-day simple moving average (SMA 200) price is $84.07. The company’s stock currently has a total float of 2.49B shares. Its weekly volatility is hovering around 1.2% and felt 1.5% volatility in price over a month. On the upside, the share price will test short term resistance at around $98.05. On a downside, the stock is likely to find some support, which begins at $97.03. The failure to get near-term support could push it to $96.36.
It had seen a positive analyst call from Berenberg, which upgraded the stock from Sell to Hold on January 24. Analysts at Evercore ISI, started covering the stock on January 11 with a Outperform rating. The stock won favor of BofA/Merrill analysts who expressed their confidence in it using an upgrade from Neutral to Buy on December 13.
When looking at valuations, The Procter & Gamble Company (PG) has a cheap P/E of 23.76x as compared to industry average of 75.56x. Moreover, it trades for 20.49 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.6x price/book and 3.63x price/sales. Compared to others, The Procter & Gamble Company is in a different league with regards to profitability, having net margins of 15.7%. To put some perspective around this, the industry’s average net margin is 10.83%. PG’s ROE is 20.1%, which is also considerably better than the industry’s ROE of 14.67%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 0.63.
PG last reported earnings on January 23, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.25 per share, -62.46% change on the same period last year. That was better than consensus for $1.21. Revenue for the recent quarter stood at $17.44 billion, down 0% on last year and above the $17.15 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $16.86 billion to $17.45 billion, which should be compared with $17.85 billion generated last year. EPS is seen in a range of $1.14 to $1.26, against the $1.3 reported a year ago.