R. Alexandra Keith Sells 19,661 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PG) CEO R. Alexandra Keith sold 19,661 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the completion of the transaction, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

R. Alexandra Keith also recently made the following trade(s):

• On Tuesday, October 24th, R. Alexandra Keith sold 1,868 shares of Procter & Gamble stock. The shares were sold at an average price of $150.00, for a total transaction of $280,200.00.
• On Monday, October 2nd, R. Alexandra Keith sold 1,413 shares of Procter & Gamble stock. The shares were sold at an average price of $144.97, for a total transaction of $204,842.61.
• On Wednesday, August 23rd, R. Alexandra Keith sold 781 shares of Procter & Gamble stock. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42.

Procter & Gamble Stock Down 1.1 %

PG opened at $151.12 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.67 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $149.28 and a 200-day moving average price of $150.73. The Procter & Gamble Company has a twelve month low of $135.83 and a twelve month high of $158.38. The stock has a market capitalization of $356.17 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 3.14 and a beta of 0.47.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.12. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The firm had revenue of $21.87 billion during the quarter, compared to analysts’ expectations of $21.58 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.42 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.9407 per share. The ex-dividend date was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s dividend payout ratio is currently 61.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PG shares. Jefferies Financial Group started coverage on shares of Procter & Gamble in a research note on Monday, November 13th. They set a “buy” rating and a $177.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating on the stock in a research note on Thursday, October 12th. Morgan Stanley reissued an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research note on Tuesday, August 1st. Bank of America boosted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Sanford C. Bernstein dropped their price objective on shares of Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PG. GW&K Investment Management LLC purchased a new stake in Procter & Gamble during the first quarter valued at approximately $28,000. Your Advocates Ltd. LLP increased its holdings in Procter & Gamble by 632.0% during the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after buying an additional 158 shares during the last quarter. Ten Capital Wealth Advisors LLC increased its holdings in Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Wunderlich Capital Managemnt bought a new position in shares of Procter & Gamble in the second quarter worth approximately $40,000. Finally, Silicon Valley Capital Partners boosted its position in shares of Procter & Gamble by 51.3% in the first quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock worth $42,000 after purchasing an additional 96 shares during the period. 63.43% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.