Procter & Gamble (NYSE:PG) CEO Sundar Raman Sells 38,253 Shares of Company Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Sundar Raman sold 38,253 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $6,311,745.00. Following the sale, the chief executive officer directly owned 47,745 shares of the company’s stock, valued at approximately $7,877,925. This trade represents a 44.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Procter & Gamble Stock Down 1.1%

Shares of Procter & Gamble stock opened at $161.80 on Wednesday. The company’s 50 day moving average price is $150.68 and its 200-day moving average price is $149.12. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a market capitalization of $375.02 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. The business had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.99 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on PG. UBS Group set a $166.00 target price on Procter & Gamble in a research note on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, October 22nd. Citigroup increased their price objective on Procter & Gamble from $180.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Freedom Broker upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. lifted its holdings in Procter & Gamble by 23.4% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 2,612 shares of the company’s stock valued at $379,000 after purchasing an additional 496 shares in the last quarter. Family Capital Management Inc. boosted its position in shares of Procter & Gamble by 9.0% in the third quarter. Family Capital Management Inc. now owns 1,631 shares of the company’s stock worth $237,000 after purchasing an additional 135 shares during the period. Johnson & White Wealth Management LLC boosted its position in shares of Procter & Gamble by 6.2% in the third quarter. Johnson & White Wealth Management LLC now owns 7,715 shares of the company’s stock worth $1,121,000 after purchasing an additional 451 shares during the period. M Holdings Securities Inc. purchased a new stake in shares of Procter & Gamble in the third quarter worth $19,564,000. Finally, Avantax Planning Partners Inc. increased its stake in shares of Procter & Gamble by 3.6% in the third quarter. Avantax Planning Partners Inc. now owns 55,457 shares of the company’s stock worth $8,057,000 after purchasing an additional 1,932 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
• Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
• Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
• Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction

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.