The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar Sells 31,859 Shares

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 31,859 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at approximately $1,605,961.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shailesh Jejurikar also recently made the following trade(s):

• On Tuesday, April 30th, Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock. The stock was sold at an average price of $162.90, for a total value of $5,049,900.00.

Procter & Gamble Trading Up 0.6 %

NYSE PG opened at $166.07 on Friday. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $166.37. The stock has a market cap of $391.95 billion, a P/E ratio of 27.13, a PEG ratio of 3.34 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $160.33 and its 200-day simple moving average is $154.57.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.69%.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $28,000. Wyrmwood Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Finally, Ruedi Wealth Management Inc. grew its position in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Raymond James boosted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group started coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada raised their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Company Profile

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.