Dow Today: Procter & Gamble (PG) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 4.0 points at 14,928 as of Wednesday, Jul 3, 2013, 10:35 a.m. ET. During this time, 94.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 624.8 million. The NYSE advances/declines ratio sits at 676 issues advancing vs. 2,155 declining with 88 unchanged.
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Holding back the Dow today is Procter & Gamble (NYSE: PG), which is lagging the broader Dow index with a 65-cent decline (-0.8%) bringing the stock to $77.79. This single loss is lowering the Dow Jones Industrial Average by 4.92 points or roughly accounting for 123% of the Dow's overall loss. Volume for Procter & Gamble currently sits at 2.5 million shares traded vs. an average daily trading volume of 10.1 million shares.

Procter & Gamble has a market cap of $213.84 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 15.5% year to date as of Tuesday's close. The stock's dividend yield sits at 3.1%.

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.

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, notable return on equity, increase in net income and good cash flow from operations. 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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