Procter & Gamble (NYSE:PG) CFO Andre Schulten Sells 33,624 Shares of Company Stock

Procter & Gamble Company (The) (NYSE:PG) CFO Andre Schulten sold 33,624 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total value of $5,547,960.00. Following the sale, the chief financial officer owned 65,618 shares of the company’s stock, valued at approximately $10,826,970. This represents a 33.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Andre Schulten also recently made the following trade(s):

• On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The stock was sold at an average price of $145.34, for a total value of $568,860.76.

Procter & Gamble Stock Down 0.1%

Shares of PG stock opened at $167.15 on Friday. The company has a market capitalization of $387.41 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 4.11 and a beta of 0.36. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.52. The company’s fifty day moving average price is $151.56 and its 200-day moving average price is $149.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion for 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%. Procter & Gamble’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.99 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm 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 $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is 65.51%.

Procter & Gamble News Roundup

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

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Barclays increased their target price on Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. UBS Group set a $166.00 price target on Procter & Gamble in a report on Friday, October 23rd. TD Cowen upped their price target on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Morgan Stanley upped their price target on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price objective for the company in a report on Tuesday, October 6th. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $170.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PG. BlackRock Inc. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $27,862,105,000. Bank of America Corp DE purchased a new stake in Procter & Gamble in the 2nd quarter valued at about $3,850,628,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble in the second quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Procter & Gamble in the second quarter valued at about $1,480,650,000. Finally, Corient Private Wealth LP acquired a new position in Procter & Gamble in the second quarter valued at about $335,908,000. 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.