Insider Selling: Procter & Gamble Co (PG) Insider Sells 30,000 Shares of Stock

Procter & Gamble Co (NYSE:PG) insider Steven D. Bishop sold 30,000 shares of Procter & Gamble stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.38, for a total transaction of $3,161,400.00. Following the completion of the sale, the insider now owns 75,031 shares in the company, valued at $7,906,766.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE PG traded down $2.42 on Friday, hitting $102.91. The company’s stock had a trading volume of 7,860,558 shares, compared to its average volume of 8,359,979. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. Procter & Gamble Co has a 1-year low of $72.80 and a 1-year high of $108.68. The stock has a market cap of $262.66 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. Procter & Gamble’s revenue was up 1.1% on a year-over-year basis. Analysts predict that Procter & Gamble Co will post 4.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is 70.62%.

Institutional investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $27,000. Covenant Multifamily Offices LLC bought a new stake in Procter & Gamble during the first quarter valued at approximately $33,000. SeaBridge Investment Advisors LLC bought a new stake in Procter & Gamble during the fourth quarter valued at approximately $36,000. Pearl River Capital LLC bought a new stake in Procter & Gamble during the first quarter valued at approximately $38,000. Finally, Cranbrook Wealth Management LLC lifted its position in Procter & Gamble by 55.3% during the fourth quarter. Cranbrook Wealth Management LLC now owns 427 shares of the company’s stock valued at $39,000 after purchasing an additional 152 shares during the last quarter. 61.91% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on PG shares. Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Credit Suisse Group assumed coverage on shares of Procter & Gamble in a research note on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price objective on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Co raised shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $78.00 to $115.00 in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $101.42.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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