Key Points
- CEO Sundar Raman sold 38,253 shares for about $6.31 million at an average price of $165, reducing his direct ownership by 44.48% to 47,745 shares.
- P&G reported quarterly EPS of $2.00, beating the $1.89 consensus, while revenue of $23.28 billion also exceeded expectations and rose 4% year over year.
- The company declared a quarterly dividend of $1.0885 per share, equivalent to an annualized yield of about 2.7%; analysts’ average rating is “Moderate Buy,” with an average target price of $170.57.
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Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO Paul Gama sold 2,894 shares of the business's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $477,510.00. Following the completion of the sale, the chief executive officer directly owned 43,899 shares in the company, valued at approximately $7,243,335. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Paul Gama also recently made the following trade(s):
- On Friday, October 23rd, Paul Gama sold 4,331 shares of Procter & Gamble stock. The shares were sold at an average price of $161.27, for a total value of $698,460.37.
- On Monday, October 5th, Paul Gama sold 2,225 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total value of $323,381.50.
Procter & Gamble Stock Down 1.1%
Shares of NYSE:PG opened at $161.80 on Wednesday. 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 stock has a fifty day simple moving average of $150.68 and a two-hundred day simple moving average of $149.12. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The stock has a market capitalization of $375.02 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 4.02 and a beta of 0.36.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $1.99 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's payout ratio is presently 65.51%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. Morgan Stanley lifted their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. Piper Sandler upped their target price on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a "neutral" rating in a research note on Monday, October 26th. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Freedom Broker raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price objective on the stock in a research report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $170.57.
View Our Latest Stock Report on PG
Institutional Investors Weigh In On Procter & Gamble
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Procter & Gamble in the second quarter worth approximately $27,862,105,000. State Street Corp raised its stake in Procter & Gamble by 1.0% during the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company's stock valued at $14,988,999,000 after buying an additional 965,461 shares during the last quarter. Bank of America Corp DE purchased a new stake in Procter & Gamble during the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble during the 2nd quarter valued at $2,281,505,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Procter & Gamble by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company's stock valued at $1,704,182,000 after buying an additional 300,280 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
- Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
- Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
- Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction
Procter & Gamble Company Profile
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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.
Further Reading
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