Insider Selling: The Procter & Gamble Company Insider Sells 14,846 Shares of Stock (PG)
The Procter & Gamble Company (NYSE:PG) Insider Melanie Healey sold 14,846 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $83.56, for a total transaction of $1,240,531.76. Following the transaction, the insider now directly owns 34,451 shares in the company, valued at approximately $2,878,726. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of The Procter & Gamble Company (NYSE:PG) traded up 0.18% during mid-day trading on Monday, hitting $83.54. The stock had a trading volume of 5,586,758 shares. 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 $80.75 and its 200-day moving average is $80.03. The company has a market cap of $226.2 billion and a price-to-earnings ratio of 20.81.
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. 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 research 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. The Procter & Gamble Company currently has a consensus rating of “Hold” and a consensus target price of $86.57.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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