Procter & Gamble (NYSE:PG) Shares Down 1.1% After Insider Selling

Procter & Gamble Company (The) (NYSE:PG) shares fell 1.1% on Friday following insider selling activity. The stock traded as low as $162.13 and last traded at $165.3110. 7,859,453 shares traded hands during trading, a decline of 20% from the average session volume of 9,765,581 shares. The stock had previously closed at $167.10.

Specifically, CFO Andre Schulten sold 33,624 shares of Procter & Gamble stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the transaction, the chief financial officer directly owned 65,618 shares in the company, valued at approximately $10,826,970. This trade represents a 33.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew Janzaruk sold 9,479 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total value of $1,545,077.00. Following the sale, the chief accounting officer owned 1,271 shares of the company’s stock, valued at $207,173. This trade represents a 88.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In related news, CEO Sundar Raman sold 38,253 shares of the firm’s stock in a transaction dated 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 owned 47,745 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Procter & Gamble from $164.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. UBS Group set a $166.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. BNP Paribas Exane raised their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, HSBC downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the stock from $182.00 to $149.00 in a research report on Thursday, July 30th. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Trending Headlines about Procter & Gamble

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to an indicated yield of roughly 2.6%, supporting its appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage describes investors rotating toward consumer-staples stocks as technology shares weaken. That defensive-sector interest may help underpin demand for P&G, though the comparison with Coca-Cola focuses on income appeal rather than a specific new company catalyst. Article: Coca-Cola versus P&G
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, when executives are expected to discuss strategy and the company’s long-term transformation. Investors may look for more detail on growth plans and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct holding by approximately 34%. Insider sales can raise concerns, although they do not by themselves establish a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: Zacks Research made mixed earnings-estimate changes, including cuts to several FY2027 and FY2028 quarterly forecasts and a slight reduction to its FY2027 estimate. It raised some later-period estimates, including FY2029, but the nearer-term revisions could temper optimism. Reference: P&G analyst estimates

Procter & Gamble Price Performance

The stock has a 50-day moving average price of $151.56 and a two-hundred 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. The stock has a market cap of $383.16 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 4.11 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $22.80 billion. During the same period in the prior year, the company posted $1.99 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

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

Hedge Funds Weigh In On Procter & Gamble

Several hedge funds have recently modified their holdings of PG. Money Concepts Capital Corp increased its position in shares of Procter & Gamble by 5.6% in the 3rd quarter. Money Concepts Capital Corp now owns 64,802 shares of the company’s stock valued at $9,415,000 after acquiring an additional 3,418 shares during the period. Allworth Financial LP raised its stake in Procter & Gamble by 10.5% in the 3rd quarter. Allworth Financial LP now owns 434,448 shares of the company’s stock worth $63,707,000 after acquiring an additional 41,411 shares during the last quarter. Fisher Asset Management LLC lifted its position in Procter & Gamble by 7.5% during the 3rd quarter. Fisher Asset Management LLC now owns 12,084,656 shares of the company’s stock worth $1,755,659,000 after acquiring an additional 845,717 shares during the period. Private Advisory Group LLC lifted its position in Procter & Gamble by 10.6% during the 3rd quarter. Private Advisory Group LLC now owns 2,873 shares of the company’s stock worth $417,000 after acquiring an additional 275 shares during the period. Finally, Warburton Capital Management LLC purchased a new stake in Procter & Gamble during the 3rd quarter valued at about $186,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble