The Procter & Gamble Company (NYSE:PG - Get Free Report) CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares of the company's stock, valued at $6,080,172.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Procter & Gamble Stock Down 0.4 %
Shares of NYSE:PG opened at $165.05 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $389.54 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 3.34 and a beta of 0.43. The stock's 50-day moving average price is $160.23 and its two-hundred day moving average price is $154.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $166.37.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.
Procter & Gamble Increases Dividend
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The company 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. This is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio (DPR) is 65.69%.
Institutional Investors Weigh In On Procter & Gamble
Institutional investors have recently added to or reduced their stakes in the company. Ledyard National Bank grew its stake in Procter & Gamble by 2.6% during the first quarter. Ledyard National Bank now owns 87,333 shares of the company's stock worth $14,170,000 after buying an additional 2,242 shares during the period. TBH Global Asset Management LLC lifted its holdings in shares of Procter & Gamble by 7.5% during the 1st quarter. TBH Global Asset Management LLC now owns 12,969 shares of the company's stock valued at $2,104,000 after acquiring an additional 903 shares in the last quarter. D Orazio & Associates Inc. boosted its position in Procter & Gamble by 2.8% during the 1st quarter. D Orazio & Associates Inc. now owns 6,399 shares of the company's stock worth $1,038,000 after purchasing an additional 173 shares during the period. Charles Schwab Investment Advisory Inc. raised its position in Procter & Gamble by 12.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 2,246 shares of the company's stock valued at $364,000 after purchasing an additional 247 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Procter & Gamble by 9.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company's stock worth $999,705,000 after purchasing an additional 545,601 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on PG shares. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and lifted their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, January 18th. UBS Group boosted their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Wednesday, January 24th. Finally, Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.76.
Read Our Latest Stock Analysis on Procter & Gamble
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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