Key Points
- CEO El Hak Hesham Abd sold 2,250 shares at an average of $168.47, totaling about $379,058. His stake fell 20.06% to 8,968 shares.
- P&G beat quarterly earnings and revenue estimates, reporting EPS of $2.00 and revenue of $23.28 billion; revenue increased 4% year over year.
- The company declared an annualized dividend of $4.35 per share, a 2.6% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $170.57.
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Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO El Hak Hesham Abd sold 2,250 shares of the company's stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $168.47, for a total transaction of $379,057.50. Following the completion of the sale, the chief executive officer owned 8,968 shares of the company's stock, valued at approximately $1,510,838.96. This trade represents a 20.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Procter & Gamble Trading Up 0.2%
NYSE PG opened at $168.02 on Friday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a market cap of $389.43 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.12 and a beta of 0.36. The firm's 50 day moving average price is $153.80 and its two-hundred day moving average price is $149.82.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.99 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble's payout ratio is currently 65.51%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on PG shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. Wells Fargo & Company lifted their target price on Procter & Gamble from $164.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. TD Cowen upped their target price on Procter & Gamble from $150.00 to $166.00 and gave the company a "hold" rating in a report on Friday, October 23rd. Deutsche Bank reissued a "buy" rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $170.57.
Check Out Our Latest Stock Analysis on PG
Institutional Trading of Procter & Gamble
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Procter & Gamble in the 2nd quarter worth about $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $29,000. Evergreen Advisors LLC acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at about $37,000. Finally, Toews Corp ADV bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Procter & Gamble
These are some of the PG headlines that stood out recently:
- Positive Sentiment: Commentary highlights P&G’s essential household brands, strong cash generation and a 70-year streak of dividend increases; one article cited a recent yield of about 2.6%. These qualities may appeal to income-focused investors. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
- Neutral Sentiment: A valuation analysis questions whether P&G’s share price is supported by future cash flows, noting its 29.7% five-year return. The article raises a valuation question rather than offering a clear near-term catalyst. Article: Is Procter & Gamble Worth More Than Its Price Today?
- Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares at an average of $168.47, reducing his direct holding by 20.06% to 8,968 shares. The transaction could raise concerns, though he retains a stake and a sale alone does not establish a change in the company’s outlook. SEC Form 4 filing
Procter & Gamble Company Profile
(
Get Free Report)
The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.
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