Insider Selling: Procter & Gamble Co (PG) Insider Sells 33,684 Shares of Stock
Procter & Gamble Co (NYSE:PG) insider Ioannis Skoufalos sold 33,684 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $94.30, for a total transaction of $3,176,401.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ioannis Skoufalos also recently made the following trade(s):
- On Friday, August 24th, Ioannis Skoufalos sold 6,000 shares of Procter & Gamble stock. The stock was sold at an average price of $83.17, for a total transaction of $499,020.00.
Shares of PG traded down $0.67 during trading hours on Monday, reaching $93.15. The stock had a trading volume of 984,341 shares, compared to its average volume of 12,890,679. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $94.81. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The stock has a market cap of $236.52 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.08 and a beta of 0.37.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC raised its stake in shares of Procter & Gamble by 209.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after purchasing an additional 913 shares during the period. Ayalon Holdings Ltd. bought a new stake in shares of Procter & Gamble during the 3rd quarter worth $108,000. First Mercantile Trust Co. bought a new stake in shares of Procter & Gamble during the 3rd quarter worth $111,000. CSat Investment Advisory L.P. purchased a new stake in Procter & Gamble in the 2nd quarter worth about $113,000. Finally, Fort L.P. purchased a new stake in Procter & Gamble in the 2nd quarter worth about $124,000. Institutional investors own 58.57% of the company’s stock.
Several brokerages have recently commented on PG. Wells Fargo & Co raised their price objective on shares of Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $82.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, October 17th. SunTrust Banks raised their price objective on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 price objective for the company. in a research report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Procter & Gamble in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.38.
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Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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