Procter & Gamble (NYSE:PG) CEO Sundar Raman Sells 38,253 Shares of Company Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Sundar Raman sold 38,253 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $6,311,745.00. Following the completion of the sale, the chief executive officer directly owned 47,745 shares of the company’s stock, valued at approximately $7,877,925. This trade represents a 44.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Procter & Gamble Trading Down 1.0%

Shares of PG traded down $1.59 during mid-day trading on Tuesday, hitting $161.97. 1,555,851 shares of the company’s stock traded hands, compared to its average volume of 9,691,114. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $375.40 billion, a P/E ratio of 24.38, a PEG ratio of 3.89 and a beta of 0.39. The business’s 50-day moving average price is $150.37 and its 200-day moving average price is $149.04. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Baxter Bros Inc. bought a new stake in Procter & Gamble during the second quarter valued at approximately $12,381,000. Empowered Funds LLC bought a new position in Procter & Gamble in the second quarter worth approximately $53,549,000. Bank of America Corp DE purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $3,850,628,000. Capstone Capital Management Ltd purchased a new position in shares of Procter & Gamble during the 3rd quarter worth $991,000. Finally, Rokos Capital Management LLP purchased a new position in shares of Procter & Gamble during the 1st quarter worth $29,914,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent analyst reports. Barclays boosted their price target on Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price objective for the company in a report on Tuesday, October 6th. Morgan Stanley increased their price objective on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a research report on Friday, October 23rd. Finally, Bank of America lowered their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.