Insider Selling: Procter & Gamble Co (PG) Insider Sells 10,992 Shares of Stock

Procter & Gamble Co (NYSE:PG) insider Gary A. Coombe sold 10,992 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $93.90, for a total transaction of $1,032,148.80. Following the sale, the insider now owns 64,247 shares of the company’s stock, valued at approximately $6,032,793.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE PG opened at $93.83 on Friday. The stock has a market capitalization of $233.70 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $93.90.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. Analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Procter & Gamble by 5,578,292.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock worth $2,028,947,000 after acquiring an additional 24,377,140 shares during the last quarter. Phocas Financial Corp. boosted its stake in Procter & Gamble by 99,943.2% during the 2nd quarter. Phocas Financial Corp. now owns 7,573,274 shares of the company’s stock worth $591,000 after acquiring an additional 7,565,704 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its stake in Procter & Gamble by 7,706.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 6,626,906 shares of the company’s stock worth $84,895,000 after acquiring an additional 6,542,011 shares during the last quarter. Franklin Resources Inc. boosted its stake in Procter & Gamble by 63.1% during the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after acquiring an additional 4,315,180 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Procter & Gamble by 2.2% during the 2nd quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock worth $12,969,690,000 after acquiring an additional 3,551,051 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

PG has been the topic of a number of research analyst reports. Macquarie increased their price objective on shares of Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, October 22nd. Societe Generale set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Tuesday, October 23rd. TD Securities reissued a “hold” rating on shares of Procter & Gamble in a report on Thursday, November 8th. UBS Group increased their price objective on shares of Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $88.38.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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