Procter & Gamble (NYSE:PG) CFO Sells $5,184,413.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CFO Andre Schulten sold 30,677 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $5,184,413.00. Following the completion of the sale, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at $11,089,442. The trade was a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andre Schulten also recently made the following trade(s):

• On Wednesday, November 4th, Andre Schulten sold 33,624 shares of Procter & Gamble stock. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00.
• On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The stock was sold at an average price of $145.34, for a total transaction of $568,860.76.

Procter & Gamble Trading Up 1.4%

NYSE PG traded up $2.35 during trading on Monday, hitting $167.75. The company had a trading volume of 3,556,017 shares, compared to its average volume of 9,748,201. The company’s fifty day moving average is $152.01 and its 200-day moving average is $149.43. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.52. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The company has a market cap of $388.82 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36.

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. On average, sell-side analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ellis Investment Partners LLC boosted its stake in Procter & Gamble by 0.7% during the 3rd quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after purchasing an additional 64 shares during the last quarter. Clark Wealth Partners boosted its position in shares of Procter & Gamble by 20.6% during the third quarter. Clark Wealth Partners now owns 387 shares of the company’s stock valued at $56,000 after buying an additional 66 shares during the last quarter. Kuhn & Co Investment Counsel increased its holdings in Procter & Gamble by 1.0% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after buying an additional 66 shares in the last quarter. Whelan Financial increased its holdings in Procter & Gamble by 1.9% in the 3rd quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after buying an additional 68 shares in the last quarter. Finally, Midwest Professional Planners LTD. increased its holdings in Procter & Gamble by 2.6% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after buying an additional 70 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: A recent article notes that P&G has raised its dividend for 70 consecutive years and currently pays $1.0885 per quarter, emphasizing the resilience of its payout through past recessions. This may reinforce PG’s defensive, income-stock appeal, though it is not a new dividend announcement. Read More.
• Neutral Sentiment: PG is receiving elevated investor attention, according to Zacks, but the article does not provide a new company-specific catalyst or recommendation. Read More.
• Negative Sentiment: P&G’s CFO reportedly sold about $5.55 million in company stock. Insider sales can weigh on sentiment, although the report does not establish the reason for the sale. Read More.
• Negative Sentiment: Zacks Research reportedly expects weaker earnings for P&G, a potential concern for investors if it signals pressure on future results. Read More.
• Negative Sentiment: In a challenge brought by P&G, the National Advertising Division found Unilever’s challenged Dove body-wash moisturizing claims supported. This is an unfavorable outcome in a competitive advertising dispute, though the article does not indicate a material financial impact. Read More.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PG shares. TD Cowen upped their target price on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a research note on Friday, October 23rd. Morgan Stanley lifted their price target on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $182.00 to $149.00 in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

About Procter & Gamble