Insider Selling: The Procter & Gamble Company (NYSE:PG) CEO Sells $135,517.50 in Stock

The Procter & Gamble Company (NYSE:PG) CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

R. Alexandra Keith also recently made the following trade(s):

• On Monday, March 4th, R. Alexandra Keith sold 776 shares of Procter & Gamble stock. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $162.55 on Friday. The firm’s fifty day moving average price is $159.57 and its 200 day moving average price is $153.39. The company has a market capitalization of $383.64 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $164.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. On average, research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s payout ratio is 65.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the period. Northern Trust Corp grew its position in Procter & Gamble by 2.3% during the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after purchasing an additional 670,862 shares in the last quarter. Norges Bank purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $3,956,117,000. Charles Schwab Investment Management Inc. grew its position in Procter & Gamble by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after purchasing an additional 206,165 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Procter & Gamble by 3.2% during the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after purchasing an additional 346,925 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PG shares. Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday. Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.76.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.