The Procter & Gamble Company Insider Unloads 16,052 Shares (PG)
The Procter & Gamble Company (NYSE:PG) Insider Carolyn M. Tastad unloaded 16,052 shares of The Procter & Gamble Company stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $82.90, for a total transaction of $1,330,710.80. Following the completion of the transaction, the insider now directly owns 42,360 shares of the company’s stock, valued at approximately $3,511,644. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of The Procter & Gamble Company (NYSE:PG) traded up 0.10% on Friday, hitting $83.11. The stock had a trading volume of 4,767,830 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 $81.05 and its 200-day moving average is $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 posted its quarterly earnings results 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. On average, analysts predict that The Procter & Gamble Company will post $4.46 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.57.
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.