The Procter & Gamble Company Chairman Werner Geissler Sells 49,326 Shares (PG)
The Procter & Gamble Company (NYSE:PG) Chairman Werner Geissler sold 49,326 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $80.20, for a total value of $3,955,945.20. Following the sale, the chairman now directly owns 221,230 shares in the company, valued at approximately $17,742,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 The Procter & Gamble Company in a research note on Monday. They now have a $85.00 price target on the stock. Separately, analysts at B. Riley reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Wednesday, April 30th. They now have a $88.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Procter & Gamble Company in a research note on Thursday, April 24th. They now have a $92.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.14.
The Procter & Gamble Company (NYSE:PG) traded up 0.37% during mid-day trading on Friday, hitting $80.699. The stock had a trading volume of 2,947,034 shares. The Procter & Gamble Company has a 52 week low of $73.61 and a 52 week high of $85.82. The stock has a 50-day moving average of $81.23 and a 200-day moving average of $80.62. The company has a market cap of $218.4 billion and a P/E ratio of 21.43.
The Procter & Gamble Company (NYSE:PG) last released its earnings data on Wednesday, April 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post $4.20 EPS for the current fiscal year.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.