Procter & Gamble (NYSE:PG) CAO Sells $1,545,077.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CAO Matthew Janzaruk sold 9,479 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total value of $1,545,077.00. Following the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $207,173. This represents a 88.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Procter & Gamble Stock Down 0.1%

Shares of Procter & Gamble stock opened at $167.15 on Friday. The business’s 50 day simple moving average is $151.56 and its 200 day simple moving average is $149.34. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.52. The firm has a market cap of $387.41 billion, a PE ratio of 25.17, a P/E/G ratio of 4.11 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.

Procter & Gamble News Summary

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

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Procter & Gamble in the second quarter valued at about $27,862,105,000. Bank of America Corp DE bought a new stake in Procter & Gamble during the second quarter worth about $3,850,628,000. Bank of New York Mellon Corp bought a new stake in Procter & Gamble during the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Procter & Gamble during the second quarter worth about $1,480,650,000. Finally, Corient Private Wealth LP bought a new position in Procter & Gamble in the 2nd quarter valued at about $335,908,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PG shares. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a research report on Monday, August 24th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble Company Profile

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.