Procter & Gamble Company (The) (NYSE:PG – Get Free Report) insider Balaji Purushothaman sold 4,181 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $160.71, for a total value of $671,928.51. Following the completion of the sale, the insider directly owned 11,296 shares in the company, valued at approximately $1,815,380.16. The trade was a 27.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Procter & Gamble Trading Down 0.8%
PG traded down $1.27 during trading on Monday, hitting $159.75. 2,540,729 shares of the company’s stock were exchanged, compared to its average volume of 9,731,445. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock has a 50 day moving average price of $148.41 and a 200 day moving average price of $147.12. 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 firm has a market cap of $370.27 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.99 earnings per share. As a group, analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Analysts raise targets and ratings: TD Cowen, JPMorgan, BNP Paribas Exane and Citigroup reportedly see meaningful upside for PG, while Freedom Broker upgraded the stock to Buy. The cluster of favorable views may support investor confidence. JPMorgan raises Procter & Gamble price target
- Positive Sentiment: Recent earnings exceeded expectations: Procter & Gamble reported quarterly earnings of $2.00 per share versus the $1.89 consensus estimate, while revenue of $23.28 billion topped expectations of $22.80 billion and increased 4% year over year. These results demonstrate resilient demand across the consumer-staples business. Procter & Gamble earnings report
- Positive Sentiment: Dividend appeal remains supportive: A retirement-focused comparison notes that both PG and Colgate-Palmolive recently raised dividends and exceeded earnings estimates, reinforcing PG’s defensive income-investment case. PG versus Colgate-Palmolive
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of PG. BlackRock Inc. bought a new position in Procter & Gamble during the second quarter worth $27,862,105,000. Bank of America Corp DE bought a new stake in Procter & Gamble in the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp bought a new position in Procter & Gamble during the 2nd quarter worth $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Procter & Gamble during the second quarter worth $1,480,650,000. Finally, Corient Private Wealth LP bought a new stake in shares of Procter & Gamble in the second quarter valued at about $335,908,000. Institutional investors own 65.77% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on PG shares. BMO Capital Markets upped their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Piper Sandler lifted their price target on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $170.57.
Check Out Our Latest Research Report on PG
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.
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