Insider Selling: Terry Hueneke Sells 4,000 Shares of ManpowerGroup Stock (MAN)
ManpowerGroup (NYSE:MAN) Director Terry Hueneke sold 4,000 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $78.50, for a total value of $314,000.00. Following the sale, the director now directly owns 8,030 shares of the company’s stock, valued at approximately $630,355. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of ManpowerGroup from $74.00 to $80.00 in a research note to investors on Thursday, October 24th. They now have an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of ManpowerGroup from $66.00 to $81.00 in a research note to investors on Wednesday, October 23rd. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ManpowerGroup from $72.00 to $91.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $81.56.
ManpowerGroup (NYSE:MAN) traded up 0.54% on Tuesday, hitting $78.82. The stock had a trading volume of 481,148 shares. ManpowerGroup has a 52 week low of $34.87 and a 52 week high of $77.31. The stock has a 50-day moving average of $68.04 and a 200-day moving average of $59.14. The company has a market cap of $6.179 billion and a P/E ratio of 25.77.
ManpowerGroup (NYSE:MAN) last released its earnings data on Monday, October 21st. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.10. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the company posted $0.79 earnings per share. ManpowerGroup’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that ManpowerGroup will post $4.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.33%.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
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