The Procter & Gamble Company SVP Unloads $975,831 in Stock (PG)
The Procter & Gamble Company (NYSE:PG) SVP Valarie L. Sheppard sold 11,757 shares of The Procter & Gamble Company stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $83.00, for a total transaction of $975,831.00. Following the sale, the senior vice president now directly owns 7,866 shares of the company’s stock, valued at approximately $652,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock. The company presently has an average rating of “Hold” and an average price target of $86.57.
The Procter & Gamble Company (NYSE:PG) traded up 0.57% on Thursday, hitting $83.28. The stock had a trading volume of 7,106,490 shares. 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 $80.55 and its 200-day moving average is $79.95. The company has a market cap of $225.5 billion and a price-to-earnings ratio of 20.66.
The Procter & Gamble Company (NYSE:PG) last released its earnings data 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 previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter 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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