Procter & Gamble Co. (NYSE:PG) was down 2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $86.44 and last traded at $86.79, with a volume of 44,121,355 shares. The stock had previously closed at $88.58.

Specifically, CEO David S. Taylor sold 72,525 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $85.76, for a total value of $6,219,744.00. Following the completion of the sale, the chief executive officer now owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Juan Fernando Posada sold 10,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $88.58, for a total value of $885,800.00. Following the completion of the sale, the insider now directly owns 26,452 shares of the company’s stock, valued at approximately $2,343,118.16. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on PG shares. Atlantic Securities started coverage on Procter & Gamble Co. in a research note on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 price target for the company. Vetr raised Procter & Gamble Co. from a “sell” rating to a “strong-buy” rating and set a $91.97 price target for the company in a research note on Wednesday, June 1st. Jefferies Group started coverage on Procter & Gamble Co. in a research note on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research cut Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $88.00 price target (up previously from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $89.58.

The company’s 50 day moving average price is $87.30 and its 200 day moving average price is $84.00. The firm has a market capitalization of $234.32 billion, a P/E ratio of 23.77 and a beta of 0.51.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.83 billion. During the same quarter in the previous year, the business earned $1.00 EPS. Procter & Gamble Co.’s revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its stake in Procter & Gamble Co. by 4.0% in the second quarter. Macquarie Group Ltd. now owns 148,651 shares of the company’s stock valued at $12,586,000 after buying an additional 5,732 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in Procter & Gamble Co. during the second quarter valued at $2,732,000. Williams Jones & Associates LLC boosted its stake in Procter & Gamble Co. by 217.0% in the second quarter. Williams Jones & Associates LLC now owns 116,203 shares of the company’s stock valued at $9,839,000 after buying an additional 79,545 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Procter & Gamble Co. during the second quarter valued at $9,100,000. Finally, Kentucky Retirement Systems purchased a new stake in Procter & Gamble Co. during the second quarter valued at $19,166,000. 58.73% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

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