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Procter & Gamble Company (The) (NYSE:PG - Get Free Report) insider Balaji Purushothaman sold 4,181 shares of the company's stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $160.71, for a total value of $671,928.51. Following the completion of the sale, the insider owned 11,296 shares of the company's stock, valued at $1,815,380.16. This represents a 27.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Procter & Gamble Trading Down 0.7%
NYSE:PG opened at $159.96 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm has a market capitalization of $370.75 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 4.00 and a beta of 0.39. The business's 50-day moving average price is $148.38 and its two-hundred day moving average price is $148.47.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.99 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 65.51%.
Institutional Investors Weigh In On Procter & Gamble
A number of hedge funds and other institutional investors have recently made changes to their positions in PG. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $28,000. Paladin Partners LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $29,000. Evergreen Advisors LLC bought a new stake in Procter & Gamble in the 1st quarter valued at approximately $37,000. Finally, Toews Corp ADV bought a new stake in Procter & Gamble in the 2nd quarter valued at approximately $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Exchange-traded funds purchased approximately $82.8 million of PG stock on October 22, indicating institutional demand and potentially providing support for the shares. ETFs Bought $82.8 Million of Procter & Gamble
- Positive Sentiment: Several analysts remain constructive: JPMorgan raised its price target, while TD Cowen, BNP Paribas Exane and Citigroup reportedly forecast further appreciation. Freedom Broker also upgraded PG to Buy. JPMorgan Price Target Increase TD Cowen Forecast
- Positive Sentiment: Investment commentary highlights PG’s strong household-product market shares and appeal as a high-yield, defensive dividend stock—factors that may attract income-oriented investors. High-Yield Dividend Stock Comparison
- Neutral Sentiment: Articles comparing PG with Colgate-Palmolive and discussing TIPS, Treasury bills and dividend stocks reinforce PG’s defensive and income-investment appeal, but provide limited new company-specific information. PG Versus CL
- Negative Sentiment: Higher oil prices could raise manufacturing, packaging, transportation and other costs. Unless offset by pricing or productivity gains, this would pressure PG’s margins and earnings outlook. Impact of Higher Oil Prices
- Negative Sentiment: Insiders reported notable selling: Shailesh Jejurikar sold 35,000 shares worth about $5.7 million, while other executives sold shares as well. These transactions are not necessarily bearish, but the reductions in ownership can create a modest sentiment overhang. SEC Insider Filing
Analysts Set New Price Targets
Several brokerages have commented on PG. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Monday, September 21st. Citigroup lifted their price target on shares of Procter & Gamble from $180.00 to $187.00 and gave the stock a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Procter & Gamble in a report on Friday. Piper Sandler upped their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a "neutral" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $162.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $170.57.
View Our Latest Analysis on PG
About Procter & Gamble
(
Get Free Report)
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.
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