Traders Sell Shares of Procter & Gamble Co. (PG) on Strength on Insider Selling
Traders sold shares of Procter & Gamble Co. (NYSE:PG) on strength during trading on Tuesday following insider selling activity. $118.88 million flowed into the stock on the tick-up and $183.94 million flowed out of the stock on the tick-down, for a money net flow of $65.06 million out of the stock. Of all stocks tracked, Procter & Gamble Co. had the 0th highest net out-flow for the day. Procter & Gamble Co. traded up $0.21 for the day and closed at $88.58Specifically, insider Ciserani Giovanni sold 20,000 shares of Procter & Gamble Co. stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $88.00, for a total value of $1,760,000.00. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at $5,724,664. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Juan Fernando Posada sold 10,000 shares of Procter & Gamble Co. stock in a transaction that occurred on 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 transaction, the insider now owns 26,452 shares of the company’s stock, valued at $2,343,118.16. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
A number of brokerages have commented on PG. B. Riley restated a “neutral” rating and issued a $74.00 target price on shares of Procter & Gamble Co. in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Monday, July 11th. Vetr raised Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 price target on the stock in a report on Wednesday, June 15th. Stifel Nicolaus set a $93.00 price target on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $88.00 price target (up previously from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $89.58.
The company has a market cap of $236.40 billion, a price-to-earnings ratio of 23.98 and a beta of 0.51. The company’s 50-day moving average is $87.27 and its 200-day moving average is $83.97.
Procter & Gamble Co. (NYSE:PG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. Procter & Gamble Co.’s revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Americafirst Capital Management LLC acquired a new position in shares of Procter & Gamble Co. during the second quarter valued at $112,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of Procter & Gamble Co. during the second quarter valued at $122,000. Global X Management Co. LLC raised its position in shares of Procter & Gamble Co. by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock valued at $128,000 after buying an additional 1,095 shares in the last quarter. Lenox Wealth Advisors Inc. raised its position in shares of Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in shares of Procter & Gamble Co. during the second quarter valued at $157,000. Institutional investors and hedge funds own 58.75% of the company’s stock.
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.
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