Procter & Gamble Co Draws Bearish Options Activity Today

 Procter & Gamble Co Draws Bearish Options Activity Today

In today’s session Procter & Gamble Co (PG) recorded an unusually high (400) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the June, 2017 put, expecting serious PG decrease. With 400 contracts traded and 3434 open interest for the Jun, 17 contract, it seems this is a quite bearish bet. The option with symbol: PG170616P00075000 closed last at: $1.94 or 5.4% down. About 3.41M shares traded hands. Procter & Gamble Co (NYSE:PG) has risen 2.52% since April 25, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Analysts await Procter & Gamble Co (NYSE:PG) to report earnings on January, 24. They expect $1.08 earnings per share, up 3.85% or $0.04 from last year’s $1.04 per share. PG’s profit will be $2.92 billion for 19.25 P/E if the $1.08 EPS becomes a reality. After $1.03 actual earnings per share reported by Procter & Gamble Co for the previous quarter, Wall Street now forecasts 4.85% EPS growth.

Procter & Gamble Co (NYSE:PG) Ratings Coverage

Out of 22 analysts covering Proctor & Gamble (NYSE:PG), 16 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 73% are positive. Proctor & Gamble has been the topic of 39 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, January 6 by Atlantic Securities. The company was maintained on Monday, October 26 by UBS. The rating was maintained by B. Riley & Co with “Buy” on Wednesday, October 26. The firm has “Hold” rating by TheStreet given on Tuesday, August 4. B. Riley & Co maintained Procter & Gamble Co (NYSE:PG) on Monday, October 26 with “Neutral” rating. UBS upgraded Procter & Gamble Co (NYSE:PG) on Thursday, July 14 to “Buy” rating. As per Wednesday, March 30, the company rating was maintained by B. Riley & Co. Argus Research upgraded Procter & Gamble Co (NYSE:PG) on Wednesday, October 12 to “Buy” rating. The firm has “Buy” rating given on Tuesday, January 19 by Stifel Nicolaus. The firm earned “Equal Weight” rating on Tuesday, September 1 by Morgan Stanley.

According to Zacks Investment Research, “The Procter & Gamble Company is engaged in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. The Beauty segment provides antiperspirants, deodorants, cosmetics, hair care products, personal cleansings, prestige products, and skin care products. The Grooming segment offers blades and razors, electronic hair removal devices, hair care appliances. The Health Care segment provides feminine care, gastrointestinal, incontinence, rapid diagnostics, respiratory, oral care, and other personal health care products. The Fabric Care and Home Care segment offers bleach and laundry additives, air care products, batteries, dish care items, fabric enhancers, laundry detergents, pet care products, and surface care products. The Baby Care and Family Care segment provides baby wipes, diapers and pants, tissues, and toilet papers. The Procter & Gamble is based in Cincinnati, Ohio.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.08, from 0.96 in 2016Q1. The ratio turned negative, as 62 funds sold all Procter & Gamble Co shares owned while 730 reduced positions. 86 funds bought stakes while 676 increased positions. They now own 1.54 billion shares or 4.14% less from 1.61 billion shares in 2016Q1.
Transamerica Financial Advisors, a Florida-based fund reported 64,021 shares. Strategic Fin Services holds 0.67% of its portfolio in Procter & Gamble Co (NYSE:PG) for 38,943 shares. Alexandria Cap Limited Co holds 10,200 shares or 0.15% of its portfolio. The Pennsylvania-based S&T Bancorp Pa has invested 0.09% in Procter & Gamble Co (NYSE:PG). Supplemental Annuity Collective Tru Of Nj last reported 1.31% of its portfolio in the stock. Moody Financial Bank Division, a Texas-based fund reported 29,818 shares. Checchi Advisers Limited last reported 0.24% of its portfolio in the stock. Sawtooth Asset Mngmt holds 0.6% or 13,247 shares in its portfolio. Ballentine Prtnrs Limited Liability Corporation reported 14,299 shares or 0.1% of all its holdings. Mcgowan Grp Inc Asset Mgmt last reported 5,699 shares in the company. Capital Rech Glob Investors accumulated 0.33% or 11.55 million shares. Massachusetts Fin Services Ma accumulated 0.41% or 9.70M shares. The Maryland-based Fulton Breakefield Broenniman Ltd Limited Liability Company has invested 0.54% in Procter & Gamble Co (NYSE:PG). Clear Harbor Asset Ltd Liability Co holds 0.31% of its portfolio in Procter & Gamble Co (NYSE:PG) for 16,575 shares. Lifeplan Finance Group accumulated 1.07% or 18,423 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 42 insider sales for $80.54 million net activity. $1.13 million worth of Procter & Gamble Co (NYSE:PG) shares were sold by Biegger Mark F. 1,529 Procter & Gamble Co (NYSE:PG) shares with value of $125,933 were sold by Coombe Gary A. Majoras Deborah P also sold $528,473 worth of Procter & Gamble Co (NYSE:PG) on Monday, August 15. Shares for $1.84 million were sold by Skoufalos Ioannis on Friday, August 12. Another trade for 42,645 shares valued at $3.71M was sold by Louvet Patrice. 3,664 Procter & Gamble Co (NYSE:PG) shares with value of $319,651 were sold by Schomburger Jeffrey K. 3,922 shares with value of $338,465 were sold by Taylor David S on Tuesday, August 16.

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the clients across the world. The company has a market cap of $224.66 billion. The Firm operates through five divisions: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. It has a 23.53 P/E ratio. The Firm sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

PG Company Profile

The Procter & Gamble Company, incorporated on May 5, 1905, is focused on providing branded consumer packaged goods to the clients across the world. The Firm operates through five divisions: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Firm sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. The Firm owns and operates approximately 20 manufacturing sites located in over 20 states in the United States. In addition, it owns and operates over 100 manufacturing sites in approximately 40 countries.

More notable recent Procter & Gamble Co (NYSE:PG) news were published by: Fool.com which released: “Is Procter & Gamble Co. About to Post a Growth Rebound in Shaving?” on November 25, 2016, also Fool.com with their article: “5 Must-See Slides From Procter & Gamble Co.’s Analyst Presentation” published on November 21, 2016, Fool.com published: “Procter & Gamble Co.’s Plan to Save $10 Billion” on November 16, 2016. More interesting news about Procter & Gamble Co (NYSE:PG) were released by: Fool.com and their article: “3 Brands Procter & Gamble Co. Needs to Succeed in 2017” published on November 17, 2016 as well as Fool.com‘s news article titled: “How Procter & Gamble Co Is Streamlining Its Business and Seeing Some Early Results” with publication date: October 29, 2016.

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