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TheStreet Open House

Six Buys Near 52-Week Highs

PG ChartPG data by YCharts

Procter & Gamble (PG)

Background: P&G manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care, paper, beauty care, health care, and food and beverage. Today, P&G markets more than 250 products to more than 5 billion consumers in 130 countries. P&G trades an average of 8.8 million shares a day and has a market cap of $182 billion.

52-Week High: $67.95

Shares have moved higher in the last month, gaining 3.3%. The average analyst target price for PG is $69.23. The mean P/E ratio is 17.1, based on estimated fiscal year earnings of $3.90 per share this year.

P&G currently pays $2.25 a share in dividends for a yield of 3.37%. The dividend has grown by an average of 10% per year. P&G is near technical resistance on the monthly chart, but with ever-increasing dividends and a monster 3.3% yield, it's only a matter of time before P&G breaks higher.

A price just under $65 would be a sweet buy based on the current situation. With the base that P&G is building, it may be tough to get.

Short sellers are next to impossible to find. Short interest is so low at 0.7% that I only include it to demonstrate that the smart money is not betting against this company.

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