Procter & Gamble (NYSE:PG) Stock: Insider El Hak Hesham Abd Sells 2,250 Shares

Procter & Gamble Company (The) (NYSE:PG) CEO El Hak Hesham Abd sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $168.47, for a total value of $379,057.50. Following the completion of the transaction, the chief executive officer directly owned 8,968 shares of the company’s stock, valued at $1,510,838.96. This represents a 20.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Procter & Gamble Trading Up 0.2%

NYSE PG traded up $0.35 during trading hours on Thursday, reaching $168.02. The company’s stock had a trading volume of 7,165,829 shares, compared to its average volume of 9,746,771. The firm has a fifty day simple moving average of $153.80 and a 200-day simple moving average of $149.82. 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 Company has a 52 week low of $137.62 and a 52 week high of $170.52. The stock has a market cap of $389.43 billion, a P/E ratio of 25.30, a P/E/G ratio of 4.15 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 (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm 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 company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Key Procter & Gamble News

Investors following PG have been watching these news items:

• Positive Sentiment: A bullish dividend-focused article highlights PG’s 70 consecutive years of dividend increases and a recently reported yield of about 2.6%, reinforcing its appeal to income-oriented investors. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
• Positive Sentiment: Another comparison describes PG’s portfolio of essential consumer brands, high net margins and steady cash flow as strengths that may appeal to investors seeking a resilient business. Article: Procter & Gamble vs. Starbucks
• Neutral Sentiment: Coverage comparing PG with Church & Dwight focuses on differences in growth, valuation, brand strength and market-share gains, without a clear directional conclusion for PG. Article: PG vs. CHD

Institutional Investors Weigh In On Procter & Gamble

Several hedge funds and other institutional investors have recently bought and sold shares of PG. Baxter Bros Inc. bought a new position in Procter & Gamble in the second quarter worth approximately $12,381,000. Allspring Global Investments Holdings LLC grew its stake in Procter & Gamble by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 305,774 shares of the company’s stock valued at $44,016,000 after acquiring an additional 32,100 shares during the period. Empowered Funds LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $53,549,000. Capstone Capital Management Ltd bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $991,000. Finally, Bank of America Corp DE acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $3,850,628,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. BNP Paribas Exane upped their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $164.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. UBS Group set a $166.00 price target on shares of Procter & Gamble in a report on Friday, October 23rd. Finally, Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

About Procter & Gamble

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.