Procter & Gamble (NYSE:PG) Shares Down 0.2% Following Insider Selling

The Procter & Gamble Company (NYSE:PG)’s share price fell 0.2% during trading on Thursday following insider selling activity. The stock traded as low as $169.00 and last traded at $169.27. 942,837 shares traded hands during trading, a decline of 86% from the average session volume of 6,654,218 shares. The stock had previously closed at $169.58.

Specifically, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PG shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Trading Up 0.0 %

The firm has a market cap of $399.51 billion, a PE ratio of 29.25, a P/E/G ratio of 3.67 and a beta of 0.41. The company’s fifty day moving average price is $171.88 and its two-hundred day moving average price is $167.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Hedge Funds Weigh In On Procter & Gamble

Institutional investors have recently modified their holdings of the company. Strategic Wealth Investment Group LLC grew its stake in Procter & Gamble by 3.0% during the third quarter. Strategic Wealth Investment Group LLC now owns 100,781 shares of the company’s stock worth $17,439,000 after buying an additional 2,973 shares during the period. Orrstown Financial Services Inc. boosted its stake in shares of Procter & Gamble by 238.6% in the third quarter. Orrstown Financial Services Inc. now owns 11,023 shares of the company’s stock valued at $1,909,000 after purchasing an additional 7,768 shares during the period. Old Port Advisors boosted its stake in shares of Procter & Gamble by 6.3% in the third quarter. Old Port Advisors now owns 3,571 shares of the company’s stock valued at $618,000 after purchasing an additional 212 shares during the period. Autumn Glory Partners LLC boosted its stake in shares of Procter & Gamble by 29.4% in the third quarter. Autumn Glory Partners LLC now owns 10,241 shares of the company’s stock valued at $1,776,000 after purchasing an additional 2,325 shares during the period. Finally, Concord Wealth Partners boosted its stake in shares of Procter & Gamble by 1.5% in the third quarter. Concord Wealth Partners now owns 26,960 shares of the company’s stock valued at $4,669,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.