Insider Selling: The Procter & Gamble Company (NYSE:PG) Insider Sells 12,800 Shares of Stock

The Procter & Gamble Company (NYSE:PG) insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Balaji Purushothaman also recently made the following trade(s):

• On Thursday, August 1st, Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80.

Procter & Gamble Trading Down 0.8 %

NYSE:PG opened at $168.22 on Friday. The stock’s 50 day moving average price is $171.93 and its 200 day moving average price is $167.62. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a market capitalization of $396.16 billion, a P/E ratio of 29.00, a P/E/G ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the company posted $1.83 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Hedge Funds Weigh In On Procter & Gamble

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voisard Asset Management Group Inc. grew its holdings in Procter & Gamble by 20.2% during the third quarter. Voisard Asset Management Group Inc. now owns 1,170 shares of the company’s stock valued at $203,000 after purchasing an additional 197 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Procter & Gamble by 2.2% in the third quarter. Cornerstone Wealth Group LLC now owns 53,264 shares of the company’s stock valued at $9,225,000 after acquiring an additional 1,124 shares during the period. Oak Harvest Investment Services boosted its position in shares of Procter & Gamble by 15.7% in the third quarter. Oak Harvest Investment Services now owns 40,782 shares of the company’s stock valued at $7,063,000 after acquiring an additional 5,546 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 63.8% in the third quarter. JFS Wealth Advisors LLC now owns 29,239 shares of the company’s stock valued at $5,064,000 after acquiring an additional 11,385 shares during the period. Finally, SteelPeak Wealth LLC boosted its position in shares of Procter & Gamble by 65.0% in the third quarter. SteelPeak Wealth LLC now owns 73,947 shares of the company’s stock valued at $12,808,000 after acquiring an additional 29,141 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

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.