Procter & Gamble Company (The) (NYSE:PG – Get Free Report) CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the sale, the chief executive officer owned 1,029 shares in the company, valued at $170,083.41. This represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Ma. Fatima Francisco also recently made the following trade(s):
- On Wednesday, February 4th, Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock. The shares were sold at an average price of $158.00, for a total transaction of $1,264,000.00.
Procter & Gamble Trading Down 1.8%
Shares of PG traded down $3.08 during trading on Monday, reaching $164.12. 4,809,552 shares of the company traded hands, compared to its average volume of 11,715,346. The stock has a 50-day simple moving average of $150.95 and a 200-day simple moving average of $151.05. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The stock has a market cap of $381.42 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 5.59 and a beta of 0.37.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s dividend payout ratio is 62.67%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective on the stock. BNP Paribas Exane reduced their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. UBS Group raised their price target on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.33.
Hedge Funds Weigh In On Procter & Gamble
Several hedge funds have recently bought and sold shares of PG. Carson Advisory Inc. increased its position in Procter & Gamble by 0.5% during the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after purchasing an additional 65 shares during the last quarter. WP Advisors LLC raised its position in shares of Procter & Gamble by 4.9% in the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after buying an additional 66 shares during the period. Trilogy Capital Inc. boosted its holdings in Procter & Gamble by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after acquiring an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares during the period. Finally, Emprise Bank increased its stake in Procter & Gamble by 2.5% during the third quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after acquiring an additional 68 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 (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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