Procter & Gamble (NYSE:PG) CEO Sells $477,510.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Paul Gama sold 2,894 shares of Procter & Gamble stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $477,510.00. Following the completion of the transaction, the chief executive officer directly owned 43,899 shares of the company’s stock, valued at $7,243,335. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paul Gama also recently made the following trade(s):

• On Friday, October 23rd, Paul Gama sold 4,331 shares of Procter & Gamble stock. The stock was sold at an average price of $161.27, for a total transaction of $698,460.37.
• On Monday, October 5th, Paul Gama sold 2,225 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total transaction of $323,381.50.

Procter & Gamble Trading Down 0.1%

PG opened at $167.15 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $387.41 billion, a PE ratio of 25.17, a PEG ratio of 4.11 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.52. The firm has a 50-day moving average price of $151.56 and a two-hundred day moving average price of $149.34.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Analysts Set New Price Targets

Several research analysts have issued reports on PG shares. Morgan Stanley upped their price objective on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. DZ Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $149.00 in a research note on Thursday, July 30th. UBS Group set a $166.00 target price on Procter & Gamble in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research note on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.57.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors have recently modified their holdings of PG. BlackRock Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at $27,862,105,000. State Street Corp increased its position in Procter & Gamble by 1.0% during the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after buying an additional 965,461 shares during the period. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble during the second quarter worth $3,850,628,000. Bank of New York Mellon Corp acquired a new stake in shares of Procter & Gamble during the second quarter worth $2,281,505,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Procter & Gamble by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock worth $1,704,182,000 after buying an additional 300,280 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.