Procter & Gamble (NYSE:PG) Trading Down 0.1% Following Insider Selling

The Procter & Gamble Company (NYSE:PG) shares were down 0.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $162.22 and last traded at $163.08. Approximately 1,647,706 shares were traded during trading, a decline of 76% from the average daily volume of 6,877,036 shares. The stock had previously closed at $163.20.

Specifically, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total value of $5,049,900.00. Following the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at $1,586,483.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The disclosure for this sale can be found here. Insiders have sold a total of 86,865 shares of company stock worth $14,059,180 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. UBS Group boosted their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Royal Bank of Canada boosted their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Price Performance

The company’s fifty day moving average is $159.88 and its 200 day moving average is $153.97. The firm has a market cap of $385.60 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.28 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Institutional Trading of Procter & Gamble

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advantage Trust Co bought a new stake in Procter & Gamble during the fourth quarter worth $28,000. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $33,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.