Key Points
- CFO Andre Schulten sold 33,624 shares at an average $165 each, worth about $5.55 million, reducing his stake by 33.88% to 65,618 shares.
- Procter & Gamble’s latest quarter beat expectations: earnings were $2.00 per share versus $1.89 expected, and revenue was $23.28 billion versus $22.80 billion expected, up 4% year over year.
- The company announced a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 and a 2.6% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $170.57.
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Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CFO Andre Schulten sold 33,624 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00. Following the completion of the sale, the chief financial officer owned 65,618 shares of the company's stock, valued at $10,826,970. This trade represents a 33.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Andre Schulten also recently made the following trade(s):
- On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total value of $568,860.76.
Procter & Gamble Stock Down 0.1%
NYSE:PG opened at $167.15 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $151.56 and its two-hundred day 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 stock has a market capitalization of $387.41 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 4.11 and a beta of 0.36.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion during the quarter, compared to analysts' expectations 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 was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 earnings per share. Research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble's dividend payout ratio (DPR) is 65.51%.
Key Stories Impacting Procter & Gamble
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
Analyst Upgrades and Downgrades
A number of analysts have issued reports on PG shares. Freedom Broker upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price target on the stock in a research note on Friday, October 23rd. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a report on Monday, September 21st. TD Cowen upped their target price on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a research note on Friday, October 23rd. Finally, Bank of America reduced their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a report on Friday, July 10th. 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 data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $170.57.
Check Out Our Latest Report on PG
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $27,862,105,000. Bank of America Corp DE purchased a new position in shares of Procter & Gamble during the second quarter worth about $3,850,628,000. Bank of New York Mellon Corp purchased a new position in shares of Procter & Gamble during the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Procter & Gamble in the 2nd quarter valued at about $1,480,650,000. Finally, Corient Private Wealth LP acquired a new position in Procter & Gamble in the 2nd quarter valued at about $335,908,000. 65.77% of the stock is owned by institutional investors and hedge funds.
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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