R. Alexandra Keith Sells 855 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PG) CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. 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 Monday, March 4th, R. Alexandra Keith sold 776 shares of Procter & Gamble stock. The shares were sold at an average price of $158.11, for a total value of $122,693.36.

Procter & Gamble Trading Up 0.7 %

Shares of PG opened at $162.58 on Thursday. The company has a market capitalization of $383.71 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.23 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a 50-day moving average price of $159.46 and a 200 day moving average price of $153.32.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.54 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.48%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Institutional Trading of Procter & Gamble

Several institutional investors and hedge funds have recently bought and sold shares of PG. Register Financial Advisors LLC raised its position in shares of Procter & Gamble by 1.3% during the 3rd quarter. Register Financial Advisors LLC now owns 7,585 shares of the company’s stock worth $1,106,000 after purchasing an additional 101 shares during the period. Landmark Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $253,000. Key Bridge Compliance LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $1,198,000. Sunflower Bank N.A. raised its position in shares of Procter & Gamble by 0.3% during the 3rd quarter. Sunflower Bank N.A. now owns 111,121 shares of the company’s stock worth $16,208,000 after purchasing an additional 288 shares during the period. Finally, Hengehold Capital Management LLC grew its holdings in Procter & Gamble by 1.6% in the 3rd quarter. Hengehold Capital Management LLC now owns 370,042 shares of the company’s stock worth $53,974,000 after buying an additional 5,718 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company boosted their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $168.81.

About Procter & Gamble

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.