Published: Sat, October 21, 2017
Global News | By Stacy Ballard

Procter and Gamble shares fall on results announcement

Procter and Gamble shares fall on results announcement

The market capitalization of the company is at $234.28 Billion. It is positive, as 63 investors sold PG shares while 714 reduced holdings.

Alpha Cubed Investments Llc increased its stake in Procter And Gamble Co (PG) by 30.04% based on its latest 2017Q2 regulatory filing with the SEC. In addition, company's online sales grew 30% y-o-y to over $3 billion for the year, representing more than 5% of the company's total business in fiscal 2017. Procter & Gamble Co (NYSE:PG) has risen 7.54% since October 20, 2016 and is uptrending.

"Grooming was especially weak", RBC Capital markets analyst Nik Modi said noting that the business had seen sales declines for three quarters and missed his own estimates of a two-per-cent decline.

Meyer Handelman Co, which manages about $1.97B and $2.37 billion US Long portfolio, upped its stake in Johnson Ctls Intl Plc Shs by 13,752 shares to 479,948 shares, valued at $20.81M in 2017Q2, according to the filing. Cetera Advsr Ltd has invested 0.47% in Procter & Gamble Co (NYSE:PG). Torch Wealth Management LLC now owns 136,845 shares of the company's stock worth $12,296,000 after buying an additional 792 shares during the last quarter.

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Other large investors have also modified their holdings of the company. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm's stock in a transaction dated Tuesday, August 22nd. The stock's 50 day moving average price is $92.57 and its 200-day moving average price is $89.86. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 1.43%.

A number of other equities analysts also recently commented on the stock.

Among 32 analysts covering McDonald's Corporation (NYSE:MCD), 21 have Buy rating, 1 Sell and 10 Hold. The stock of General Electric Company (NYSE:GE) earned "Hold" rating by Vetr on Tuesday, September 22.

Procter & Gamble Co shares rose $0.58 (+0.63%) in premarket trading Friday. The institutional investor held 133,323 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $11.62M, down from 136,845 at the end of the previous reported quarter. The current consensus recommendation provided by covering analysts is 2.50. The stock's current RSI reading is at 42.45.

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COPYRIGHT VIOLATION NOTICE: This story was first reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another website, it was illegally copied and reposted in violation of USA and worldwide trademark and copyright laws. Boyer Corporon Wealth Mgmt Limited Liability Company reported 5,216 shares.

Since the beginning of the calendar year, the stock is 10.34%. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks.

Analysts are speculating a 14.26% move, based on the high target price ($106) for the shares that is set to reach in the next 12 months. Looking at a shorter time period, shares have been seen -3.26% away from the 50 day high and 1.92% off the 50 day low price. More interesting news about Procter & Gamble Co (NYSE:PG) were released by: Nasdaq.com and their article: "Earnings Reaction History: Procter & Gamble Company, 41.7% Follow-Through ..." published on October 20, 2017 as well as Nasdaq.com's news article titled: "Procter & Gamble Co". The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.01. For the last period, the company reported quarter over quarter EPS growth of 15.40% and quarter over quarter sales growth of -0.10%.

Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. Procter & Gamble Company (The)'s quarterly revenue was up.8% on a year-over-year basis. During the same quarter a year ago, the company posted $1.03 EPS.

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