Insider Selling: Jon R. Moeller Unloads 3,103 Shares of The Procter & Gamble Company Stock (PG)
The Procter & Gamble Company (NYSE:PG) CFO Jon R. Moeller sold 3,103 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $82.24, for a total value of $255,190.72. Following the completion of the transaction, 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 SEC, which can be accessed through this link.
Shares of The Procter & Gamble Company (NYSE:PG) opened at 82.95 on Thursday. 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 $80.55 and its 200-day moving average is $79.95. The company has a market cap of $224.6 billion and a P/E ratio of 20.66.
The Procter & Gamble Company (NYSE:PG) last announced its 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. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The Procter & Gamble Company currently has an average 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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