Procter & Gamble Company (The) (NYSE:PG – Get Free Report)’s share price fell 1.1% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $161.47 and last traded at $161.8020. 10,473,095 shares changed hands during trading, an increase of 8% from the average session volume of 9,709,203 shares. The stock had previously closed at $163.56.
Specifically, CAO Matthew Janzaruk sold 9,479 shares of Procter & Gamble stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total value of $1,545,077.00. Following the transaction, the chief accounting officer owned 1,271 shares of the company’s stock, valued at approximately $207,173. This trade represents a 88.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Raman sold 38,253 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $6,311,745.00. Following the sale, the chief executive officer owned 47,745 shares in the company, valued at approximately $7,877,925. The trade was a 44.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Procter & Gamble news, insider Victor Aguilar sold 18,812 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $164.43, for a total value of $3,093,257.16. Following the completion of the transaction, the insider directly owned 55,243 shares in the company, valued at $9,083,606.49. This trade represents a 25.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on PG. Piper Sandler lifted their target price on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. Morgan Stanley upped their price target on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.
View Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a record that may appeal to income-focused investors. Dividend history article
- Neutral Sentiment: The company closed a $352 million floating-rate notes offering. The report provides limited detail on how the financing will be used, so its implications for PG are unclear. Notes offering report
- Negative Sentiment: Several executives and insiders sold shares, including CEO Sundar Raman, who reduced his holdings by 44.48%, and Chief Accounting Officer Matthew Janzaruk, whose position fell by 88.18%. Such sales can raise investor concern, though they do not necessarily indicate a change in the company’s outlook. SEC filing for Sundar Raman SEC filing for Matthew Janzaruk
- Negative Sentiment: Analysis highlights a challenge for P&G’s premium brands: innovation and customer loyalty are strengths, but rising costs and value-conscious shoppers could make growth harder to sustain. Premium brands analysis
Procter & Gamble Price Performance
The stock has a market capitalization of $375.02 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.36. 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 50-day simple moving average of $150.37 and a 200 day simple moving average of $149.04.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
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 dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its holdings in Procter & Gamble by 3.8% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,612,910 shares of the company’s stock valued at $234,324,000 after buying an additional 59,135 shares in the last quarter. Leelyn Smith LLC lifted its holdings in shares of Procter & Gamble by 4.8% during the third quarter. Leelyn Smith LLC now owns 24,126 shares of the company’s stock worth $3,505,000 after buying an additional 1,102 shares in the last quarter. Pegasus Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 1.9% during the third quarter. Pegasus Asset Management Inc. now owns 37,808 shares of the company’s stock worth $5,493,000 after buying an additional 722 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of Procter & Gamble by 2.5% in the third quarter. Guidance Capital Inc. now owns 8,541 shares of the company’s stock valued at $1,241,000 after acquiring an additional 212 shares during the period. Finally, Asset Dedication LLC boosted its position in shares of Procter & Gamble by 3.1% in the third quarter. Asset Dedication LLC now owns 14,710 shares of the company’s stock valued at $2,137,000 after acquiring an additional 449 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than Procter & Gamble
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
