Insider Selling: The Procter & Gamble Company Insider Sells 2,407 Shares of Stock (PG)
The Procter & Gamble Company (NYSE:PG) Insider Ciserani Giovanni unloaded 2,407 shares of The Procter & Gamble Company stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $83.42, for a total transaction of $200,791.94. Following the transaction, the insider now directly owns 12,217 shares in the company, valued at approximately $1,019,142. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Procter & Gamble Company (NYSE:PG) traded down 0.08% during mid-day trading on Wednesday, hitting $83.31. The stock had a trading volume of 4,248,518 shares. 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 $80.98 and a 200-day moving average of $80.20. The company has a market cap of $225.6 billion and a P/E ratio of 20.80.
The Procter & Gamble Company (NYSE:PG) last released its earnings data on Friday, August 1st. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. The Procter & Gamble Company’s revenue was down .7% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post $4.46 EPS for the current fiscal year.
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 issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.57.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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