Dow Today: Procter & Gamble (PG) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading down 2.0 points at 13,170 as of Wednesday, Aug 15, 2012, 12:35 p.m. ET. During this time, 182.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 661.9 million. The NYSE advances/declines ratio sits at 1,735 issues advancing vs. 1,148 declining with 144 unchanged.

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The Dow component leading the way higher looks to be Procter & Gamble (NYSE:PG), which is sporting a seven-cent gain (+0.1%) bringing the stock to $66.80. Volume for Procter & Gamble currently sits at 5.5 million shares traded vs. an average daily trading volume of 12.6 million shares.

Procter & Gamble has a market cap of $182.82 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.1% year to date as of Tuesday's close. The stock's dividend yield sits at 3.4%.

The Procter & Gamble Company, together with its subsidiaries, provides consumer packaged goods and improves the lives of consumers worldwide. The company operates through six segments: Beauty, Grooming, Health Care, Pet Care, Fabric Care and Home Care, and Baby Care and Family Care. The company has a P/E ratio of 21.3, above the average consumer non-durables industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Procter & Gamble Ratings Report.

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