Insider Selling: Filippo Passerini Sells 2,800 Shares of The Procter & Gamble Company Stock (PG)
The Procter & Gamble Company (NYSE:PG) Insider Filippo Passerini unloaded 2,800 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $83.37, for a total value of $233,436.00. Following the completion of the sale, the insider now directly owns 99,730 shares in the company, valued at approximately $8,314,490. The sale was disclosed in a filing with the SEC, which is available at this link.
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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.57.
Shares of The Procter & Gamble Company (NYSE:PG) traded up 0.13% on Friday, hitting $83.39. 6,978,484 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 $80.65 and its 200-day moving average is $79.97. The company has a market cap of $225.8 billion and a P/E ratio of 20.78.
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 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.