Procter & Gamble (NYSE:PG) Stock: Insider Paul Gama Sells 2,894 Shares

Procter & Gamble Company (The) (NYSE:PG) CEO Paul Gama sold 2,894 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $477,510.00. Following the sale, the chief executive officer directly owned 43,899 shares of the company’s stock, valued at approximately $7,243,335. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paul Gama also recently made the following trade(s):

• On Friday, October 23rd, Paul Gama sold 4,331 shares of Procter & Gamble stock. The stock was sold at an average price of $161.27, for a total value of $698,460.37.
• On Monday, October 5th, Paul Gama sold 2,225 shares of Procter & Gamble stock. The stock was sold at an average price of $145.34, for a total value of $323,381.50.

Procter & Gamble Price Performance

NYSE PG opened at $167.37 on Thursday. 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 1 year low of $137.62 and a 1 year high of $168.17. The company has a market cap of $387.93 billion, a PE ratio of 25.21, a PEG ratio of 3.98 and a beta of 0.36. The stock’s 50-day moving average price is $151.12 and its two-hundred day moving average price is $149.23.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.99 earnings per share. On average, analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a $1.0885 dividend. 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 is 65.51%.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. BNP Paribas Exane lifted their price objective on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Evercore upgraded Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price for the company in a report on Tuesday, October 6th. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Morgan Stanley lifted their price target on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble News Summary

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

• Positive Sentiment: Following the midterm elections, investors have favored established dividend payers such as P&G. The company’s recent quarter showed resilience: earnings and revenue topped consensus estimates, while sales grew 4% year over year. Article: Dividend Kings reach 52-week highs
• Positive Sentiment: P&G’s pricing power and strong brand loyalty may help it preserve sales and dividend purchasing power while inflation remains above 3%. It has raised its dividend for 70 consecutive years, reinforcing its appeal to income-focused investors. Article: Dividend stocks with pricing power
• Neutral Sentiment: P&G closed a €3.25 billion euro-note offering. The financing raises capital, but also entails debt obligations; the report did not detail how proceeds will be used. Article: Euro note offering
• Negative Sentiment: Rising costs and value-conscious shoppers could pressure growth in P&G’s premium brands, even as innovation and customer loyalty remain strengths. Article: Premium brands in a value-seeking market
• Negative Sentiment: Multiple insiders, including executives and the chief accounting officer, recently reported share sales. These transactions may concern investors, though sales alone do not necessarily signal a negative view of the company. Article: CEO share sale

Institutional Trading of Procter & Gamble

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth about $27,862,105,000. State Street Corp grew its stake in shares of Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after buying an additional 965,461 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble in the second quarter worth approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP increased its holdings in Procter & Gamble by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock worth $1,704,182,000 after buying an additional 300,280 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

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.