Procter & Gamble Co. (NYSE:PG) insider Juan Fernando Posada sold 3,501 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total value of $313,339.50. Following the transaction, the insider now directly owns 19,953 shares in the company, valued at approximately $1,785,793.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Juan Fernando Posada also recently made the following trade(s):
- On Monday, September 19th, Juan Fernando Posada sold 10,000 shares of Procter & Gamble Co. stock. The shares were sold at an average price of $88.58, for a total value of $885,800.00.
Procter & Gamble Co. (NYSE:PG) opened at 88.23 on Friday. The firm has a market cap of $235.46 billion, a PE ratio of 23.88 and a beta of 0.51. Procter & Gamble Co. has a one year low of $71.29 and a one year high of $89.73. The stock has a 50 day moving average price of $87.72 and a 200 day moving average price of $84.24.
Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. Equities research analysts expect that Procter & Gamble Co. will post $0.02 EPS for the current year.
Several hedge funds have recently made changes to their positions in PG. Lau Associates LLC boosted its stake in shares of Procter & Gamble Co. by 3.7% in the first quarter. Lau Associates LLC now owns 34,610 shares of the company’s stock valued at $2,849,000 after buying an additional 1,230 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Procter & Gamble Co. during the first quarter worth $21,740,000. Central Bank & Trust Co. boosted its stake in Procter & Gamble Co. by 9.3% in the first quarter. Central Bank & Trust Co. now owns 17,418 shares of the company’s stock worth $1,433,000 after buying an additional 1,489 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Procter & Gamble Co. by 1.4% in the first quarter. Newman Dignan & Sheerar Inc. now owns 32,706 shares of the company’s stock worth $2,692,000 after buying an additional 464 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Procter & Gamble Co. by 14.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 616,223 shares of the company’s stock worth $50,721,000 after buying an additional 79,304 shares in the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.
PG has been the topic of several research reports. Zacks Investment Research upgraded Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Vetr downgraded Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price objective on the stock. in a report on Tuesday, July 19th. JPMorgan Chase & Co. set a $99.00 price objective on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating and set a $98.00 price objective on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Finally, Citigroup Inc. raised their price objective on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $89.49.
Procter & Gamble Co. Company Profile
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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