Procter & Gamble (NYSE:PG) CEO Sells $5,708,150.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the transaction, the chief executive officer directly owned 55,391 shares in the company, valued at approximately $9,033,718.19. This represents a 38.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Procter & Gamble Stock Performance

PG stock traded down $1.06 during trading on Monday, hitting $159.96. The company had a trading volume of 8,879,418 shares, compared to its average volume of 9,763,012. The firm has a 50-day moving average price of $148.41 and a 200-day moving average price of $147.12. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market cap of $370.75 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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 return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. During the same period last year, the firm earned $1.99 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared 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 is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PG. Ellis Investment Partners LLC lifted its holdings in shares of Procter & Gamble by 0.7% during the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock worth $1,281,000 after purchasing an additional 64 shares during the period. Clark Wealth Partners lifted its holdings in shares of Procter & Gamble by 20.6% in the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock valued at $56,000 after buying an additional 66 shares during the period. KLCM Advisors Inc. boosted its stake in shares of Procter & Gamble by 0.9% in the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after buying an additional 70 shares in the last quarter. Midwest Professional Planners LTD. raised its position in Procter & Gamble by 2.6% in the second quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after acquiring an additional 70 shares in the last quarter. Finally, Legacy Solutions LLC raised its position in Procter & Gamble by 3.8% in the second quarter. Legacy Solutions LLC now owns 1,928 shares of the company’s stock worth $283,000 after acquiring an additional 71 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Procter & Gamble

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

• Positive Sentiment: Analysts remain bullish on Procter & Gamble, with JPMorgan raising its price target and TD Cowen, BNP Paribas Exane, and Citigroup forecasting additional upside. Freedom Broker also upgraded the stock to Buy. JPMorgan price target article
• Positive Sentiment: Investment commentary highlights PG as a relatively defensive, high-yield dividend stock. Its leading household-product brands and strong market shares may provide resilience during economic uncertainty, making it attractive to income-focused and retirement investors. High-yield dividend stock article
• Positive Sentiment: A comparison with Colgate-Palmolive notes that both companies recently raised dividends and exceeded earnings expectations, reinforcing PG’s appeal as a dependable consumer-staples holding. PG versus Colgate-Palmolive article
• Neutral Sentiment: Articles comparing dividend stocks with TIPS and Treasury bills point out that PG offers potential dividend growth and equity appreciation, but its income is subject to market volatility and business risk. TIPS versus dividend stocks article
• Negative Sentiment: Two insiders reported selling shares: CEO Paul Gama sold 4,331 shares for about $698,000, while Balaji Purushothaman sold 4,181 shares for approximately $672,000. Although insiders retained substantial holdings, the transactions could create modest near-term selling pressure. CEO insider sale filing

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research report on Friday. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a research note on Monday, August 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $161.00 target price on shares of Procter & Gamble in a report on Thursday. Royal Bank Of Canada set a $169.00 price target on shares of Procter & Gamble in a research note on Friday. Finally, BNP Paribas Exane boosted their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

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.