The Procter & Gamble Company (NYSE:PG - Get Free Report) shares were down 0.3% during trading on Friday after an insider sold shares in the company. The stock traded as low as $168.43 and last traded at $169.56. Approximately 1,257,959 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 6,645,644 shares. The stock had previously closed at $170.12.
Specifically, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now directly owns 269,172 shares in the company, valued at $46,203,373.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company's stock, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.
Several research firms have recently commented on PG. DZ Bank raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Jefferies Financial Group lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating and lowered their target price for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 target price on the stock. BNP Paribas began coverage on Procter & Gamble in a research note on Monday, June 24th. They set an "outperform" rating and a $187.00 price target for the company. Finally, Citigroup increased their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $175.89.
Read Our Latest Analysis on Procter & Gamble
The company has a market cap of $400.33 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.76 and a beta of 0.41. The company's 50-day simple moving average is $171.15 and its 200-day simple moving average is $166.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. During the same period last year, the business earned $1.37 EPS. The business's revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble's dividend payout ratio (DPR) is 65.85%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Alera Investment Advisors LLC boosted its holdings in Procter & Gamble by 1.2% during the first quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company's stock valued at $812,000 after purchasing an additional 60 shares in the last quarter. Hudson Value Partners LLC boosted its stake in Procter & Gamble by 4.1% in the 2nd quarter. Hudson Value Partners LLC now owns 1,516 shares of the company's stock valued at $250,000 after buying an additional 60 shares in the last quarter. Fiduciary Alliance LLC grew its position in Procter & Gamble by 2.8% in the second quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company's stock valued at $371,000 after acquiring an additional 61 shares during the period. LCM Capital Management Inc raised its stake in Procter & Gamble by 1.1% during the first quarter. LCM Capital Management Inc now owns 5,701 shares of the company's stock worth $925,000 after acquiring an additional 63 shares in the last quarter. Finally, Home Federal Bank of Tennessee lifted its holdings in shares of Procter & Gamble by 0.3% during the second quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company's stock valued at $3,846,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.
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.
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