The Procter & Gamble Company CFO Jon R. Moeller Unloads 3,103 Shares (PG)
The Procter & Gamble Company (NYSE:PG) CFO Jon R. Moeller unloaded 3,103 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $82.24, for a total transaction of $255,190.72. Following the completion of the sale, the chief financial officer now directly owns 73,672 shares of the company’s stock, valued at approximately $6,058,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 presently has a consensus rating of “Hold” and a consensus price target of $86.57.
The Procter & Gamble Company (NYSE:PG) traded up 0.30% during mid-day trading on Tuesday, hitting $82.69. 6,840,243 shares of the company’s stock traded hands. The Procter & Gamble Company has a 52-week low of $73.61 and a 52-week high of $85.82. The stock’s 50-day moving average is $80.33 and its 200-day moving average is $79.86. The company has a market cap of $223.9 billion and a price-to-earnings ratio of 20.57.
The Procter & Gamble Company (NYSE:PG) last issued its quarterly earnings data 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 last year, the company posted $0.79 earnings per share. The Procter & Gamble Company’s revenue was down .7% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post $4.46 EPS for the current fiscal year.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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