Insider Selling: Marylynn Fergusonmchugh Unloads 1,829 Shares of The Procter & Gamble Company Stock (PG)
The Procter & Gamble Company (NYSE:PG) Insider Marylynn Fergusonmchugh sold 1,829 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $82.24, for a total transaction of $150,416.96. Following the completion of the sale, the insider now directly owns 39,042 shares in the company, valued at approximately $3,210,814. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $86.57.
Shares of The Procter & Gamble Company (NYSE:PG) opened at 82.94 on Thursday. 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 $80.55 and a 200-day moving average of $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 released its 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 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 Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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