Insider Selling: Procter & Gamble (NYSE:PG) CEO Sells $6,311,745.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Sundar Raman sold 38,253 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $165.00, for a total transaction of $6,311,745.00. Following the sale, the chief executive officer directly owned 47,745 shares of the company’s stock, valued at approximately $7,877,925. This trade represents a 44.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Procter & Gamble Stock Down 0.1%

Shares of NYSE PG opened at $167.15 on Friday. The stock has a fifty day moving average price of $151.56 and a 200 day moving average price of $149.34. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $170.52. The company has a market cap of $387.41 billion, a P/E ratio of 25.17, a P/E/G ratio of 4.11 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS 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 for the quarter, compared to analysts’ expectations of $22.80 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PG. CENTRAL TRUST Co raised its stake in Procter & Gamble by 0.8% during the 3rd quarter. CENTRAL TRUST Co now owns 194,446 shares of the company’s stock valued at $28,249,000 after purchasing an additional 1,633 shares during the period. Three Bridge Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 2.1% in the third quarter. Three Bridge Wealth Advisors LLC now owns 6,627 shares of the company’s stock worth $963,000 after buying an additional 139 shares during the period. Banyan Capital Management Inc. acquired a new stake in shares of Procter & Gamble in the third quarter worth $523,000. Maryland State Retirement & Pension System boosted its position in shares of Procter & Gamble by 13.9% in the third quarter. Maryland State Retirement & Pension System now owns 143,169 shares of the company’s stock worth $20,800,000 after buying an additional 17,483 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Procter & Gamble by 1.4% during the third quarter. Ritholtz Wealth Management now owns 87,356 shares of the company’s stock valued at $12,691,000 after buying an additional 1,173 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble News Roundup

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

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Analyst Ratings Changes

PG has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, October 22nd. Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a research note on Friday, October 23rd. Morgan Stanley upped their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Finally, Citigroup raised their price target on shares of Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.