The Procter & Gamble Company Insider Sells $203,346 in Stock (PG)
The Procter & Gamble Company (NYSE:PG) Insider Riant Martin sold 2,447 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $83.10, for a total transaction of $203,345.70. Following the sale, the insider now directly owns 82,015 shares in the company, valued at approximately $6,815,447. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PG. 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 given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.57.
Shares of The Procter & Gamble Company (NYSE:PG) traded up 0.10% on Friday, hitting $83.11. 4,768,121 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 has a 50-day moving average of $81.05 and a 200-day moving average of $80.22. The company has a market cap of $225.0 billion and a P/E ratio of 20.72.
The Procter & Gamble Company (NYSE:PG) last announced its earnings results 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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