Latest Stocks: Procter & Gamble Co (PG) Getting Somewhat Critical Press Coverage, Study Finds

Latest Stocks: Procter & Gamble Co (PG) Getting Somewhat Critical Press Coverage, Study Finds

Media coverage about Procter & Gamble Co (NYSE:PG) has trended somewhat negative on Tuesday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Procter & Gamble Co earned a coverage optimism score of -0.07 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 79 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s analysis:

Procter & Gamble Co (PG) opened at 88.74 on Tuesday. Procter & Gamble Co has a one year low of $80.95 and a one year high of $92.00. The stock has a market capitalization of $226.96 billion, a PE ratio of 16.32 and a beta of 0.64. The company’s 50-day moving average price is $87.44 and its 200-day moving average price is $87.36. Procter & Gamble Co (NYSE:PG) last posted its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Procter & Gamble Co’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Procter & Gamble Co will post $3.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, April 19th. This is a boost from Procter & Gamble Co’s previous quarterly dividend of $0.67. Procter & Gamble Co’s payout ratio is 48.73%. PG has been the subject of several recent research reports. B. Riley downgraded Procter & Gamble Co from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $106.00 to $91.00 in a research note on Monday, March 6th. Jefferies Group LLC increased their price objective on Procter & Gamble Co from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Stifel Nicolaus reduced their price objective on Procter & Gamble Co from $88.00 to $87.00 and set a “hold” rating for the company in a research note on Thursday, April 27th. Zacks Investment Research raised Procter & Gamble Co from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Vetr upgraded Procter & Gamble Co from a “sell” rating to a “hold” rating and set a $88.80 target price for the company in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Procter & Gamble Co currently has an average rating of “Hold” and a consensus price target of $92.90.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, April 19th. This is a boost from Procter & Gamble Co’s previous quarterly dividend of $0.67. Procter & Gamble Co’s payout ratio is 48.73%. In other Procter & Gamble Co news, insider Patrice Louvet sold 3,837 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $87.00, for a total transaction of $333,819.00. Following the sale, the insider now directly owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders sold a total of 199,891 shares of company stock valued at $17,276,637 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

Receive News & Ratings for Procter & Gamble Co Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Procter & Gamble Co and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment