Dow Jones (DJIA) Today: Procter & Gamble (PG) Lower

Holding back the Dow today is Procter & Gamble (NYSE:PG), which is lagging the broader Dow index with a $2.18 decline (-2.6%) bringing the stock to $82.46.

By Naomi Hossain , Mar 6, 2015 4:02 PM EST

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link

The

Dow Jones Industrial Average

(

^DJI

) is trading down 288.0 points (-1.6%) at 17,847 as of Friday, Mar 6, 2015, 3:41 p.m. ET. During this time, 304.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 374 million. The NYSE advances/declines ratio sits at 425 issues advancing vs. 2,707 declining with 80 unchanged.

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Holding back the Dow today is

Procter & Gamble

(NYSE:

), which is lagging the broader Dow index with a $2.18 decline (-2.6%) bringing the stock to $82.46. This single loss is lowering the Dow Jones Industrial Average by 16.5 points or roughly accounting for 5.7% of the Dow's overall loss. Volume for Procter & Gamble currently sits at 9.2 million shares traded vs. an average daily trading volume of 7.7 million shares.

Procter & Gamble has a market cap of $227.79 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 7.1% year-to-date as of Thursday's close. The stock's dividend yield sits at 3%.

The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.

TheStreet Ratings rates Procter & Gamble as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.