Dow Today: Procter & Gamble (PG) Lower

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 198.0 points (-1.3%) at 14,601 as of Monday, Jun 24, 2013, 12:35 p.m. ET. During this time, 432.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 601.3 million. The NYSE advances/declines ratio sits at 147 issues advancing vs. 2,930 declining with 37 unchanged.
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Holding back the Dow today is Procter & Gamble (NYSE: PG), which is lagging the broader Dow index with a $1.22 decline (-1.6%) bringing the stock to $76.21. This single loss is lowering the Dow Jones Industrial Average by 9.23 points or roughly accounting for 4.7% of the Dow's overall loss. Volume for Procter & Gamble currently sits at 7.1 million shares traded vs. an average daily trading volume of 9.6 million shares.

Procter & Gamble has a market cap of $206.24 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 14.1% year to date as of Friday's close. The stock's dividend yield sits at 3.2%.

The Procter & Gamble Company, together with its subsidiaries, engages 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 company has a P/E ratio of 19, 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, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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