The Procter & Gamble Company (NYSE:PG - Get Free Report) COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares of the company's stock, valued at approximately $1,605,961.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shailesh Jejurikar also recently made the following trade(s):
- On Tuesday, April 30th, Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $165.76 on Wednesday. The company has a market cap of $391.22 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $166.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a 50-day simple moving average of $160.23 and a 200-day simple moving average of $154.49.
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Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble's dividend payout ratio (DPR) is currently 65.85%.
Institutional Investors Weigh In On Procter & Gamble
Hedge funds have recently modified their holdings of the stock. Advantage Trust Co acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Finally, Ruedi Wealth Management Inc. increased its position in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company's stock worth $32,000 after acquiring an additional 77 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on PG shares. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. Barclays raised their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, April 23rd. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. StockNews.com cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.76.
View Our Latest Research Report on PG
Procter & Gamble Company Profile
(
Get Free Report)
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.
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