Procter & Gamble (NYSE:PG) Trading Down 0.8% on Insider Selling

Shares of The Procter & Gamble Company (NYSE:PG) dropped 0.8% on Thursday after an insider sold shares in the company. The company traded as low as $169.77 and last traded at $170.46. 867,729 shares changed hands during trading, a decline of 87% from the average session volume of 6,653,833 shares. The stock had previously closed at $171.92.

Specifically, CEO Jon R. Moeller sold 7,007 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PG. Stifel Nicolaus upped their price objective on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Citigroup boosted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Stock Down 0.7 %

The firm has a market cap of $398.58 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a 50-day moving average of $171.15 and a 200-day moving average of $166.48.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is 65.69%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allied Investment Advisors LLC raised its holdings in Procter & Gamble by 1.8% in the 3rd quarter. Allied Investment Advisors LLC now owns 61,562 shares of the company’s stock valued at $10,662,000 after buying an additional 1,111 shares during the last quarter. HBW Advisory Services LLC raised its position in Procter & Gamble by 79.3% during the 3rd quarter. HBW Advisory Services LLC now owns 7,759 shares of the company’s stock worth $1,344,000 after purchasing an additional 3,432 shares during the last quarter. MRA Advisory Group boosted its holdings in Procter & Gamble by 20.5% in the third quarter. MRA Advisory Group now owns 2,662 shares of the company’s stock valued at $461,000 after acquiring an additional 453 shares during the last quarter. Duncan Williams Asset Management LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth $264,000. Finally, CJM Wealth Advisers Ltd. raised its position in shares of Procter & Gamble by 0.9% in the 3rd quarter. CJM Wealth Advisers Ltd. now owns 10,591 shares of the company’s stock worth $1,834,000 after acquiring an additional 94 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

About Procter & Gamble

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.