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 company’s stock on the open market in a transaction that occurred on 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 transaction, the insider now directly owns 22,338 shares in the company, valued at approximately $1,820,324. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
The Procter & Gamble Company (NYSE:PG) opened at 81.78 on Monday. 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 $80.23 and its 200-day moving average is $79.82. The company has a market cap of $221.4 billion and a price-to-earnings ratio of 20.45.
The Procter & Gamble Company (NYSE:PG) last announced its earnings results on Friday, August 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that The Procter & Gamble Company will post $4.46 EPS for the current fiscal year.
A number of analysts have recently weighed in on PG shares. 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 equities research 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 Procter & Gamble Company currently has a consensus rating of “Hold” and a consensus price target of $86.57.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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