The Procter & Gamble Company Insider Deborah P. Majoras Sells 67,478 Shares (PG)
The Procter & Gamble Company (NYSE:PG) Insider Deborah P. Majoras sold 67,478 shares of The Procter & Gamble Company stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $81.49, for a total value of $5,498,782.22. Following the completion of the sale, the insider now directly owns 22,338 shares in the company, valued at approximately $1,820,324. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Procter & Gamble Company (NYSE:PG) traded up 0.58% during mid-day trading on Thursday, hitting $81.95. The stock had a trading volume of 5,930,709 shares. The Procter & Gamble Company has a 1-year low of $73.61 and a 1-year high of $85.82. The stock’s 50-day moving average is $80.14 and its 200-day moving average is $79.80. The company has a market cap of $221.9 billion and a price-to-earnings ratio of 20.33.
The Procter & Gamble Company (NYSE:PG) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.04. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.48 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post $4.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $0.6436 per share. This represents a $2.57 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, July 16th.
PG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Tuesday, August 5th. They now have a $83.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Procter & Gamble Company in a research note on Monday, August 4th. They now have a $94.00 price target on the stock, up previously from $92.00. Finally, analysts at Wells Fargo & Co. downgraded shares of The Procter & Gamble Company from an “outperform” rating to a “market perform” rating in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.57.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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