Insider Selling: Procter & Gamble (NYSE:PG) CEO Sells $907,530.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Juliana Azevedo sold 5,370 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $169.00, for a total transaction of $907,530.00. Following the completion of the sale, the chief executive officer owned 21,361 shares of the company’s stock, valued at $3,610,009. This trade represents a 20.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Procter & Gamble Stock Performance

PG stock opened at $167.79 on Thursday. The firm has a 50 day moving average of $153.39 and a two-hundred day moving average of $149.73. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. The company has a market capitalization of $388.91 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 4.15 and a beta of 0.36. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter last year, the firm earned $1.99 EPS. Procter & Gamble’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PG shares. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a report on Friday, October 23rd. Morgan Stanley upped their price target on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Piper Sandler increased their price objective on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Finally, TD Cowen raised their price objective on Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Institutional Trading of Procter & Gamble

Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Procter & Gamble in the 3rd quarter worth $38,242,000. Edmond DE Rothschild Holding S.A. lifted its position in Procter & Gamble by 5.9% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 341,787 shares of the company’s stock worth $49,655,000 after acquiring an additional 19,121 shares during the last quarter. Minot DeBlois Advisors LLC boosted its holdings in Procter & Gamble by 2.4% during the third quarter. Minot DeBlois Advisors LLC now owns 7,249 shares of the company’s stock valued at $1,053,000 after acquiring an additional 171 shares during the period. Private Wealth Asset Management LLC boosted its holdings in Procter & Gamble by 154.4% during the third quarter. Private Wealth Asset Management LLC now owns 60,575 shares of the company’s stock valued at $8,800,000 after acquiring an additional 36,768 shares during the period. Finally, Birchcreek Wealth Management LLC boosted its holdings in Procter & Gamble by 11.1% during the third quarter. Birchcreek Wealth Management LLC now owns 12,933 shares of the company’s stock valued at $1,879,000 after acquiring an additional 1,292 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.