The Procter & Gamble Company (NYSE:PG) CEO Sells $14,991,621.60 in Stock

The Procter & Gamble Company (NYSE:PG) CEO Jon R. Moeller sold 87,979 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.40, for a total value of $14,991,621.60. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $51,252,400.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock opened at $170.03 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $171.89. The company has a market cap of $401.29 billion, a PE ratio of 27.78, a P/E/G ratio of 3.64 and a beta of 0.41. The stock’s fifty day moving average price is $167.37 and its two-hundred day moving average price is $163.89.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is 65.69%.

Analyst Ratings Changes

PG has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Evercore ISI increased their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Institutional Trading of Procter & Gamble

Hedge funds have recently added to or reduced their stakes in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in Procter & Gamble by 1,214.1% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 257,531 shares of the company’s stock worth $37,739,000 after buying an additional 237,934 shares during the period. Eagle Wealth Strategies LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $366,000. Capital Investment Counsel Inc raised its position in Procter & Gamble by 0.6% during the 4th quarter. Capital Investment Counsel Inc now owns 40,179 shares of the company’s stock worth $5,888,000 after purchasing an additional 249 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in Procter & Gamble by 7.7% during the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after buying an additional 1,237 shares during the period. Finally, Mather Group LLC. grew its position in shares of Procter & Gamble by 10.3% in the 4th quarter. Mather Group LLC. now owns 37,891 shares of the company’s stock valued at $5,553,000 after buying an additional 3,524 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble

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.