The Procter & Gamble Company (NYSE:PG) Insider Balaji Purushothaman Sells 12,800 Shares

The Procter & Gamble Company (NYSE:PG) insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Balaji Purushothaman also recently made the following trade(s):

• On Thursday, August 1st, Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80.

Procter & Gamble Trading Down 0.8 %

PG stock opened at $168.22 on Friday. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company’s 50-day simple moving average is $171.93 and its 200 day simple moving average is $167.55. The company has a market capitalization of $396.16 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently modified their holdings of the business. Signet Financial Management LLC grew its holdings in Procter & Gamble by 32.3% during the 1st quarter. Signet Financial Management LLC now owns 15,129 shares of the company’s stock worth $2,455,000 after acquiring an additional 3,694 shares during the last quarter. Agate Pass Investment Management LLC increased its holdings in Procter & Gamble by 4.2% in the first quarter. Agate Pass Investment Management LLC now owns 10,778 shares of the company’s stock valued at $1,749,000 after purchasing an additional 430 shares during the period. Exeter Financial LLC raised its position in Procter & Gamble by 2.0% during the 1st quarter. Exeter Financial LLC now owns 16,232 shares of the company’s stock worth $2,523,000 after purchasing an additional 315 shares during the last quarter. Janiczek Wealth Management LLC grew its position in shares of Procter & Gamble by 3.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 11,273 shares of the company’s stock valued at $1,829,000 after buying an additional 373 shares during the last quarter. Finally, ERn Financial LLC increased its stake in shares of Procter & Gamble by 2.9% in the first quarter. ERn Financial LLC now owns 4,041 shares of the company’s stock valued at $656,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Citigroup boosted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus lifted their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. TD Cowen initiated coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.