The Procter & Gamble Company (NYSE:PG) Insider Sells $4,581,309.81 in Stock

The Procter & Gamble Company (NYSE:PG) insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE PG opened at $161.24 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32. The business has a 50-day moving average price of $159.64 and a two-hundred day moving average price of $153.51. The firm has a market capitalization of $380.55 billion, a PE ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly 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. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is 65.85%.

Institutional Trading of Procter & Gamble

A number of institutional investors have recently bought and sold shares of PG. Hourglass Capital LLC increased its holdings in Procter & Gamble by 3.9% in the first quarter. Hourglass Capital LLC now owns 2,077 shares of the company’s stock worth $337,000 after buying an additional 77 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC raised its holdings in shares of Procter & Gamble by 2.4% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 12,897 shares of the company’s stock valued at $2,093,000 after purchasing an additional 300 shares in the last quarter. Conning Inc. lifted its stake in shares of Procter & Gamble by 7.8% in the 1st quarter. Conning Inc. now owns 250,173 shares of the company’s stock valued at $40,516,000 after purchasing an additional 18,047 shares during the last quarter. Finer Wealth Management Inc. boosted its holdings in Procter & Gamble by 4.6% in the first quarter. Finer Wealth Management Inc. now owns 24,670 shares of the company’s stock worth $4,003,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its position in Procter & Gamble by 3.3% during the first quarter. Foster Victor Wealth Advisors LLC now owns 39,674 shares of the company’s stock worth $6,183,000 after buying an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PG shares. Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

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.