Procter & Gamble Company (The) (NYSE:PG – Get Free Report) CFO Andre Schulten sold 4,252 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $647,281.96. Following the completion of the transaction, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Andre Schulten also recently made the following trade(s):
- On Tuesday, August 19th, Andre Schulten sold 11,638 shares of Procter & Gamble stock. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26.
Procter & Gamble Price Performance
Procter & Gamble stock opened at $150.47 on Tuesday. The business’s fifty day moving average is $155.38 and its two-hundred day moving average is $159.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market cap of $352.17 billion, a P/E ratio of 23.11, a P/E/G ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.
Analysts Set New Price Targets
A number of brokerages recently weighed in on PG. Berenberg Bank raised their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas Exane lowered their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Saturday, September 27th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.11.
Read Our Latest Stock Analysis on PG
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PG. Stableford Capital II LLC raised its holdings in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock worth $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. raised its stake in Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock worth $64,000 after buying an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management lifted its holdings in Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock worth $476,000 after acquiring an additional 63 shares in the last quarter. Private Management Group Inc. grew its stake in Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock valued at $236,000 after acquiring an additional 64 shares during the period. Finally, Lantz Financial LLC increased its holdings in shares of Procter & Gamble by 1.2% in the second quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock worth $834,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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