The Procter & Gamble Company (NYSE:PG) COO Sells $5,253,549.10 in Stock

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the sale, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Down 0.4 %

Shares of PG opened at $165.05 on Thursday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $166.37. The company has a 50 day simple moving average of $160.23 and a two-hundred day simple moving average of $154.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm has a market cap of $389.54 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted 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 net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. 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 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Institutional Trading of Procter & Gamble

Large investors have recently added to or reduced their stakes in the company. Dfpg Investments LLC boosted its holdings in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the period. Garrett Wealth Advisory Group LLC increased its position in Procter & Gamble by 6.3% during the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after acquiring an additional 260 shares during the last quarter. Herold Advisors Inc. raised its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after acquiring an additional 581 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its holdings in Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, UBS Group raised their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.