The Procter & Gamble Company (NYSE:PG) CEO Sundar G. Raman Sells 9,922 Shares

The Procter & Gamble Company (NYSE:PGGet Rating) CEO Sundar G. Raman sold 9,922 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the completion of the sale, the chief executive officer now directly owns 12,312 shares in the company, valued at approximately $1,785,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Procter & Gamble Price Performance

PG stock opened at $144.38 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.62 and a quick ratio of 0.41. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $165.35. The stock has a market cap of $344.42 billion, a PE ratio of 25.02, a P/E/G ratio of 4.09 and a beta of 0.41. The firm has a 50 day simple moving average of $133.29 and a two-hundred day simple moving average of $140.40.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. Procter & Gamble had a net margin of 18.11% and a return on equity of 32.66%. The business had revenue of $20.61 billion during the quarter, compared to analysts’ expectations of $20.37 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 5.83 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were paid a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, October 20th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is currently 63.26%.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Win Advisors Inc. boosted its stake in shares of Procter & Gamble by 91.5% in the 2nd quarter. Win Advisors Inc. now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 86 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at $30,000. Lansing Street Advisors purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at $37,000. Dravo Bay LLC purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at $40,000. Finally, Retirement Group LLC boosted its stake in shares of Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PG. Barclays boosted their price target on shares of Procter & Gamble from $139.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Credit Suisse Group lowered their price target on shares of Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 15th. Wolfe Research began coverage on shares of Procter & Gamble in a research report on Monday. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $155.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, October 20th. Finally, StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Thursday, November 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.46.

About Procter & Gamble

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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.

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Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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