Procter & Gamble (NYSE:PG) Stock: Insider Paul Gama Sells 2,894 Shares

Procter & Gamble Company (The) (NYSE:PG) CEO Paul Gama sold 2,894 shares of the stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $477,510.00. Following the sale, the chief executive officer directly owned 43,899 shares in the company, valued at $7,243,335. This trade represents a 6.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Paul Gama also recently made the following trade(s):

• On Friday, October 23rd, Paul Gama sold 4,331 shares of Procter & Gamble stock. The stock was sold at an average price of $161.27, for a total transaction of $698,460.37.
• On Monday, October 5th, Paul Gama sold 2,225 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total transaction of $323,381.50.

Procter & Gamble Price Performance

NYSE:PG traded down $1.59 during mid-day trading on Tuesday, hitting $161.97. 1,555,851 shares of the stock traded hands, compared to its average volume of 9,691,114. The business’s 50-day moving average price is $150.37 and its 200 day moving average price is $149.04. The company has a market cap of $375.40 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.89 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. During the same quarter in the prior year, the firm posted $1.99 EPS. Procter & Gamble’s revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is 65.51%.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. UBS Group set a $166.00 price objective on Procter & Gamble in a research report on Friday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a research note on Friday, October 23rd. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Morgan Stanley raised their price target on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Hedge Funds Weigh In On Procter & Gamble

A number of hedge funds have recently modified their holdings of the company. Baxter Bros Inc. bought a new position in shares of Procter & Gamble during the second quarter valued at approximately $12,381,000. Empowered Funds LLC purchased a new stake in Procter & Gamble in the second quarter worth $53,549,000. Bank of America Corp DE bought a new stake in Procter & Gamble in the second quarter valued at $3,850,628,000. Capstone Capital Management Ltd bought a new stake in Procter & Gamble in the third quarter valued at $991,000. Finally, Rokos Capital Management LLP purchased a new position in Procter & Gamble during the 1st quarter valued at $29,914,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.