Procter & Gamble Co (NYSE:PG) Chairman David S. Taylor sold 23,045 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $107.95, for a total transaction of $2,487,707.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
PG traded down $0.66 during trading on Friday, reaching $107.45. 4,473,134 shares of the stock traded hands, compared to its average volume of 8,550,672. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $268.99 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. Procter & Gamble Co has a 12 month low of $72.80 and a 12 month high of $108.68.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The business had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. As a group, research analysts predict that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a dividend of $0.7459 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.78%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio is 70.62%.
Institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its holdings in shares of Procter & Gamble by 12,676.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 73,958,832 shares of the company’s stock valued at $805,000 after purchasing an additional 73,379,984 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Procter & Gamble by 5,578,292.9% during the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares during the period. Norges Bank acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $2,238,298,000. FMR LLC raised its holdings in shares of Procter & Gamble by 46.4% during the fourth quarter. FMR LLC now owns 28,011,287 shares of the company’s stock valued at $2,574,798,000 after purchasing an additional 8,876,062 shares during the period. Finally, Boston Partners acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $774,750,000. 61.49% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on PG. Credit Suisse Group set a $100.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Deutsche Bank boosted their price objective on shares of Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. DZ Bank restated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, April 24th. Barclays upgraded shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, UBS Group boosted their price objective on shares of Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $101.42.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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