Insider Selling: Filippo Passerini Sells 1,965 Shares of Procter & Gamble Co. Stock (PG)
Procter & Gamble Co. (NYSE:PG) Insider Filippo Passerini sold 1,965 shares of Procter & Gamble Co. stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.97, for a total transaction of $159,106.05. Following the sale, the insider now directly owns 89,643 shares in the company, valued at approximately $7,258,394. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on PG. Analysts at Zacks reiterated a “neutral” rating on shares of Procter & Gamble Co. in a research note to investors on Tuesday. They now have a $85.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble Co. from $90.00 to $97.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Procter & Gamble Co. to $89.00 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble Co. presently has an average rating of “Hold” and a consensus target price of $85.60.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 1.14% on Wednesday, hitting $81.52. 6,490,020 shares of the company’s stock traded hands. Procter & Gamble Co. has a 52-week low of $65.83 and a 52-week high of $82.54. The stock has a 50-day moving average of $79.60 and a 200-day moving average of $78.70. The company has a market cap of $221.6 billion and a P/E ratio of 20.96.
Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.06 by $0.01. The company had revenue of $21.21 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the company posted $1.06 earnings per share. Procter & Gamble Co.’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Co. will post $4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $0.60 per share. This represents a $2.41 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, October 16th.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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